What is Core Banking System | Sesameindia

What constitutes a Core Banking System ? Advantages and disadvantages of core banking system and why we need core banking system. For more visit https://www.sesameindia.com/core-banking-solution-beaconpro

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System
A Smarter Way of Banking

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Core Banking - Definition
Core banking is a process of streamlining banking operations of the Head Office
(HO) and all branches through a centralised system placed at a Data Centre.
Core banking allows easy data retrieval across branches, while tracking the
details of all transactions at a single place.
It helps increase efficiency by eliminating redundancy and minimising errors
through automation.

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What constitutes a Core Banking System?
Software Data Centre Disaster Recovery
Centre
Hardware Anti-virus
and Firewalls
Security devices Connectivity devicesContinuous Power
Supply

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Advantages of Core Banking
Empowers the top-level management of banks in effective decision making and
financial planning.
Gives real-time updates on the current financial performance of branches and
banks on the whole.
Helps in centralised delivery of products and services irrespective of location.
Facilitates new-gen services like ATMs, Cheque Deposit Machines (CDMs) and
more.

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Disadvantages of Core Banking
Entirely dependent on technology.
Any technical setback can halt banking operations.
Requires a dedicated IT and network engineers team to keep systems running
and functional.

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Why need CBS?
To ensure better customer satisfaction by offering
personalised/customised products and services.
To boost productivity through automation.
To beat competition and attend to the dynamic market
conditions.
To enhance customer loyalty.
To free-up time for banking staff to focus on areas of sales,
marketing and business expansion.
To ease the routine operations for both employees and
customers.

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The best CBS providers in India - Sesame
Sesame – a veteran core banking solutions provider based at Kerala,
India has been serving the cooperative banking sector with top-notch
solutions for over 24 years.
It serves hundreds of banks and their customers through its
premium range of CBS offerings.
For more details, visit https://www.sesameindia.com/.
Core
Banking
Mobile
Banking
BI
Banking
Agent
Banking
NPA
Management
Cashless
Banking etc.
Our offerings include:

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