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Technology Trends In Banking
What is Core Banking Solution (CBS) in the context of Indian banking?
CBS is a centralized software platform that connects all branches of a bank, enabling customers to access their accounts and perform transactions from any branch regardless of where the account was opened.
What is Fintech and how is it transforming traditional banking?
Fintech uses technology to deliver financial services innovatively.
Which RBI initiative mandated Indian banks to migrate to CBS for better customer service?
RBI's Financial Inclusion and branch expansion policies pushed banks to adopt CBS, and NABARD supported rural cooperative banks in CBS migration through grant-based funding schemes.
What is Big Data Analytics and its use in banking?
Big Data Analytics processes vast data to derive actionable banking insights.
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