Core Banking Solution, how to select right one-Part II
- banking software which is the best in technology
- core banking solution which is affordable to maintain and reasonably priced
- a core banking solution that also works as bank management system
- a core banking software with best of the features
- customizable CBS
- CBS which is easy to operate
- Core banking software that is user friendly
- is fast
- bla bla bla...
Keep in mind that selection of wrong CBS or ignoring right CBS has heavy costs to be paid. Do not worry, we are here to help you select and choose right CBS for your bank.
There could be very long list of expectations from right kind of Core Banking System. Believe, we are here to help you know what to expect from and what are the things that right CBS must have. Read on to know more.
- CBS, as said earlier stands for Core: C=Centralized, O=Online, R=Real-time, E=Exchange, B=Banking and S=System/Solution/Software. In other words CBS represent a system in bank which is available at Central location irrespective of its branches and their physical locations.
- Once Core Banking Software is online, end user, the customer of a bank, eventually,becomes the location from where he or she makes the transactions no matter from which branch s/he wants to operate the account.
- Banks can serve their customers literally 24X7X365
- Performs faster than ever with improved accuracy
- Right CBS must increase productivity and profitability of any bank or credit society
- CBS, if, implemented right, should serve the purposes of providing better services with more efficiency and save time and money for all stake holders.
From this perspective, you will agree that mainly CBS implementation is more oriented to customer focus than it is for banks. OK? These were the very basics of right CBS. Right?
In Part-3 we will discuss each point in detail, meanwhile if you want to add your own expectations and views on right CBS we would love to hear from you. You can contact us here
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