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Transition to Core Banking Solutions

The document summarizes the transition from a manual banking system to a core banking system (CBS). It describes the evolution from manual ledgers to partial branch automation systems to total branch automation systems with local area networks. CBS allows customers to access accounts and perform basic transactions from any branch by integrating communication and information technologies. CBS provides key functions like deposits, loans, payments and access through ATMs, internet banking, bank branches and POS. It provides benefits like reduced transaction times and increased efficiency.

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Pravah Shukla
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373 views13 pages

Transition to Core Banking Solutions

The document summarizes the transition from a manual banking system to a core banking system (CBS). It describes the evolution from manual ledgers to partial branch automation systems to total branch automation systems with local area networks. CBS allows customers to access accounts and perform basic transactions from any branch by integrating communication and information technologies. CBS provides key functions like deposits, loans, payments and access through ATMs, internet banking, bank branches and POS. It provides benefits like reduced transaction times and increased efficiency.

Uploaded by

Pravah Shukla
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPS, PDF, TXT or read online on Scribd
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Banking Solutions

A Transition from
Manual System to CBS
Transition to CBS
• Manual ledger
• ALPM
– Stand alone PC
• Type of account wise
– SF, CA, CC-OD, Loans
• PBA
– Enhanced functionality of ALPM
• Without any voucher restriction
• TBA
– Local LAN
– PCs / Client connected to server
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Partial Branchautomation
Total Branch automation

Branch server

SF
LOANS

CA,CC
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TBA
This first generation of Banking
Software includes:

•Clearing
•Drafts issue
•Payments
•Reconciliation (Remittances)
•Bills (Payments/ Collection/ Purchases)
•Dividend Warrant Processing
•Inter-branch reconciliation
Draw Backs of TBA

The only drawback of this Software was


that there was no connectivity among
all the Branches.

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Core Banking Solution
(CBS)
• Core banking is a general term used to describe
the services provided by a group of networked
bank branches.
• Bank customers may access their funds and other
simple transactions from any of the member
branch offices.
• Core Banking is normally defined as the business
conducted by a banking institution with its retail
and small business customers
• The platform where communication technology
and information technology are merged to suit
core needs of banking is known as Core Banking
Solutions.
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Core Banking Functions

• Deposit accounts
• Loans
• Mortgages
• Payments

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What makes Services available
in CBS ?
• ATM’s,
• Internet Banking,
• Bank Branches
• POS

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CBS

Migration
process

ROUTER ROUTER

SWITCH SWITCH

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Benefits from new
Technologies
• Reduced transaction time,
• Makes working simultaneously on different
issues possible
• Increased the efficiency of System
• Computer software is developed to perform
core operations of Banking like
* Recording of Transactions,
* Passbook maintenance,
* Interest calculations on Loans and
Deposits,
* Customer records,
* Balance of payments and withdrawal
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Key Modules in CBS
• Key Modules offered by CBS includes:
• Enterprise Customer Information
• Consumer Banking
• Wealth Management
• Corporate Banking
• Trade Finance
• Shariah Products (Islamic Banking)
• Functional Services
• Enterprise CRM

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Major CBS Solutions
• Finacle
• Flexcube
• Bαncs
• Intellect Suite
• KASTLE (formerly NEWTON)
• DataMate
• Panacea
• SAP IS for Banking

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YOUR QUERIES

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