CORE BANKING Solutions

Presented by RHEA THOMAS

Under the guidance of dr G V JOSHI

 A process conducted at a centralized environment

 Enabled the concept of ‘anytime, anywhere’ banking.

 Operates 24x7, using technology aspects like Internet, Mobile ATM.

 operates on real time processing

 Creation of primary data centre
 Networking
 Software
 Disaster recovery Centre
 Business process reengineering
 INFOSYS
 TCS
 IFLEX
 INFRASOFT
 LASER SOFT
LASERSOFT IS THE
SOFTWARE DEVELOPER
FOR CORP BANK
three tier architecture
CORE
B’LR

DC/ZCC
BRANCH
 DC

DRS

Ex

LL modem isdn

Router

HuB /
Switch

Core

Core Connectivity- Complete overview

 I
NTERNET BANKING- Availing Banking Facility
through the Internet.

A
TM(AUTOMATIC TELLER MACHINES)-
Facilitates cash and non cash transactions.

R
TGS(REAL TIME GROSS SETTLEMENT SYSTEM)-
funds transfer mechanism where transfer of
money takes place from one bank to another
on a "real time" and on "gross" basis.
 NEFT (NATIONAL ELECTRONIC FUNDS
TRANSFER)-A nation wide funds transfer
system to facilitate transfer of funds from bank
acccounts of one customer to bank account of
any other customer.

 ECS (ELECTRONIC CLEARING SERVICE)-It is

a mode of electronic funds transfer from one
bank account to another bank account using the
services of a Clearing House. This is normally for
bulk transfers from one account to many
accounts or vice-versa

 MOBILE BANKING-Permits to operate banking

services over mobile phones using sms
messaging.
 TO CUSTOMERS

 Reduced transaction time and lower

errors.

Better funds management

 Convenient access of banking accounts.

 Standardisation of process within the bank

Better customer services

Availiability of accurate data

Better MIS
 Core banking has
revolutionalized the
banking scenario in
india and world over.