📝 One-liners · 65 cards
BANKING SOFTWARE
What is Core Banking Solution (CBS) and why is it critical for modern banks?
CBS is a centralised platform that processes banking transactions in real-time across all branches, enabling anywhere-anytime banking and eliminating branch-level silos.
What is the primary function of a Core Banking Solution (CBS)?
Centralizes all banking operations on a single integrated platform.
Which RBI guideline mandates banks to have a Board-approved IT Policy?
RBI's Guidelines on Information Security, Electronic Banking, Technology Risk Management and Cyber Frauds (2011) requires banks to have a Board-approved IT and Information Security Policy.
What does SWIFT stand for in the context of banking software?
Society for Worldwide Interbank Financial Telecommunication.
🔒
Unlock 65 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for BANKING SOFTWARE.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days