Question

What does CORE Banking enable?

• A. Decentralized banking operations.
• B. Branch-specific banking services.
• C. Transfer of banking services between different banks through a central server.
• D. Only international banking transactions.

Answer 1

Answer:

C. Transfer of banking services between different banks through a central server.

Modern trends in banking

►Centralized Online Real time Exchange Banking(CORE Banking)

• A facility where all the branches of banks are brought to a central server and banking services can be transferred from one bank to another bank.