Core Banking Systems
**Core Banking Systems**
What is Core Banking Systems?
A core banking system (CBS) is the central processing hub of a bank. It automates and integrates various banking operations, such as managing accounts, processing transactions (deposits, withdrawals, payments, loans), calculating interest, and maintaining customer records. CBS enables banks to offer a wide range of products and services through multiple channels (branches, ATMs, online banking, mobile banking) while ensuring regulatory compliance and providing real-time information.
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