Core Banking Ppt

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    CORE BANKING

    Presented byPriyanka g

    Priyanka p

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    Core Banking

    Core banking is used to describe the services providedby a group of networked bank branches. Bankcustomers may access their funds and other simpletransactions from any of the member branch offices.

    It is the heart of a modern financial serviceorganization and is all about providing the bankingcustomers with the right products at the right timethrough the right channels 24 hours a day, 7 days a

    week through a multi location, multi branch network. CORE stands for "centralized online real-time

    exchange".

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    Core banking functions

    Normal core banking functions will include deposit accounts, loans,mortgages and payments. Banks make these services available acrossmultiple channels like ATMs, Internet banking, and branches.

    Elements of core banking

    Making and servicing loans.

    Opening new accounts.

    Processing cash deposits and withdrawals.

    Processing payments and cheques.

    Calculating interest.

    Customer relationship management (CRM)activities.

    Managing customer accounts.

    Establishing criteria for minimum balances, interest rates, number ofwithdrawals allowed and so on.

    Establishing interest rates.

    Maintaining records for all the banks transactions.

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    core banking solutions

    The platform where communication technology andinformation technology are merged to suit core needs ofbanking is known as core banking solutions.

    Computer software is developed to perform core

    operations of banking like recording of transactions,passbook maintenance, interest calculations on loans anddeposits, customer records, balance of payments andwithdrawal.

    Software is installed at different branches of bank and then

    interconnected by means of communication lines liketelephones, satellite, internet etc. It allows the user(customers) to operate accounts from any branch if it hasinstalled core banking solutions.

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    Various facilities associated with

    core banking All branches of the bank are interconnected.

    Details of the accounts can be viewed online just as u login to

    view email account.

    Main thing is that u can transfer money online from your account toany account with any bank in your country.

    U can do majority of the transactions online that u needed to gopersonally to the bank to perform it.

    U can perform transactions of your account from the bank counterat any part of the country

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    Disadvantages of core banking

    Excessive reliance on technology

    Any failure in computer systems can cause entire network to godown.

    If Data is not protected properly and if proper care is not taken ,hackers can gain access to the sensitive data

    Due to the any failure of computer system the network will becrashed.

    The technology must be upgraded every time and if some errorsoccur in some part whole system may be disrupted

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    Method and system for integrating

    core banking business processes

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    I Banking Application Architecture Platform

    Underlying technical foundation for all systems and applications.Represents the basis for a service oriented architecture used across

    the integrated platform.

    II Customer Data Management

    Central system for business partner management serving multiplebanking applications.

    III Frontend

    Interface between users and backend systems. Presents data storedand calculated in the back-end in a well-arranged businesssupporting way.

    IV Customer Relationship Management

    System to manage customer and sales prospect interactions from asales or marketing perspective by providing technologies toautomate and organize business processes.

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    V Analytical Banking

    Bank controlling system containing technical solutions for analyticalprocesses in fields like risk management, BASEL II, IFRS orprofitability analysis.

    VI Transactional Banking

    Transactional banking covers the processing of operational bankingtransactions managed by account managing systems. These areresponsible to support the complete lifecycle of accounts or

    contracts.

    VII Enterprise Banking

    Enterprise applications for all industries to support commonbusiness processes, such as quality management, human resources

    or financial accounting.

    VIII Business Intelligence

    A BI system supports business decision processes by providingclient specific historical, current, or predictive views on business

    operations.

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    IX Transaction Broker

    A transaction broker connects the banking system tothe outside world, mainly focusing on paymenttransaction flows.

    X Teller Application

    Teller applications provide user interface solutions fortellers to support customer transactions like paymenttransfers, deposits and withdrawals, foreign exchangecash transactions etc.

    XI Further Applications

    Further bank applications outside the bankingapplication platform

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    Total Bank automation

    Total Branch Automation (TBA)'' are available to

    automate the various activities of a typical branch.

    Bank automation will be networked so that bankersand customers can access the different applications

    of the bank. Such applications, based on integrating

    various functionalities, call for complex software

    development projects.

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    Problems in bank automation

    Some PSBs have more than one dissimilar TBA

    package from different vendors.

    now it has created serious problems for inter-branch

    communications within a bank. More manpower requirement because some PSBs

    have parallel manual and computerised systems.

    The bank may have to double spending oncomputerisation projects.

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    THANK YOU