In today’s digital age, the Core Banking System (CBS) plays a significant role in the functioning of modern banks. As an essential technological framework, CBS enables banks to manage their operations seamlessly, ensuring efficiency and customer satisfaction. For candidates preparing for the JAIIB exam, primarily the Accounting and Financial Management (AFM) module, considering the intricacies of the Core Banking System is critical. Learning Sessions presents this article that provides an overview of CBS, with a focus on a real-life case study that depicts the importance of CBS in a banking company.
DOWNLOAD PDF CORE BANKING SYSTEM -CASE STUDY
The Core Banking System (CBS) is an integrated system used by banks to manage customer accounts, transactions, and operations from a centralized database. CBS allows customers to access their accounts and perform banking transactions from any branch or digital platform, eliminating the need to visit the home branch where the account was opened. Key features of a Core Banking System include:
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-Centralized Database
-Real-Time Processing
-Customer Convenience
-Automation of Processes
-Security and Compliance
Similarly, Centralized Banking Operations, Automation in Banking, Real-Time Processing, Data Security & Compliance and Operational Efficiency & Cost Management are key concepts of the core banking system.
For the extensive preparation of candidates, get details through our YouTube videos for JAIIB AFM Module wise Syllabus with explanations and tips to help candidates in their preparation journey.
You may also like these JAIIB case studies:
JAIIB | AFM | CASHBOOK IN DEBIT BALANCE
JAIIB | AFM | OVERDRAFT BALANCE
In the end, the Core Banking System (CBS) has revolutionized the way banks operate, providing centralized, real-time, and efficient solutions for managing customer accounts and transactions. For JAIIB applicants studying the AFM module, mastering the impact of CBS on operational efficiency, customer satisfaction, and compliance is crucial. Learning Sessions provides additional information about JAIIB AFM STRAIGHT LINE METHOD ACCOUNTING by giving examples of real life scenarios.
Learn more about this case study through our YouTube channel and PDF.
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