Road Towards Core Banking Solutions
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Transcript of Road Towards Core Banking Solutions
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8/4/2019 Road Towards Core Banking Solutions
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Road towards Core Banking Solutions
Major efforts towards computerization in the banking industry started almost two decades ago,
when stand alone computers were introduced and with the advent in technology, banking sector
also employed it in its day today operations.
Automated ledger posting machines were introduced in the early 80s which laid thefoundation for automation in banks. In that era operations of the bank were conducted on
stand alone computers catering to the needs of consumers and as well improving the
efficiency of the banks. These operations were limited to the particular service at specific
branches. Implementation of this improved the functioning of the banks and also exposed
the employees to the use of computers, however it did not met the expectations and
demands of the customers.
Banks adopted the concept of single window, which meant that the branches move overto a client-server environment in order to meet the customer expectations and further
improve the efficiency therein. This led to networking with in the branch and the
branches were classified as Partially Automated Branch or Totally Automated branch
ALPM(AutomatedLedger Posting
Machines )Branches
Partiallycomputerized
branches
Fullycomputerized
branches
CentrallyComputerized and
Fully NetworkedBanks
Banks offering,
Internet Banking
ATM /banking
Off-shore dataprocessing
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