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Need help: Centralized Bank system?
- Thread starter DJ.Parker
- Start date
DJ.Parker said:add eka dennakoo...mans me thread eka dakkoth hondai
ane man gawa ne ne malliya....
shana_se gena ahanna dannawada kiyala....
Description
Centralized Core Banking Software refers to software which uses a single physical database across all the branches of the bank. All the parameters for any product can be setup in this single database from a single location (typically HO) and applied to all the accounts across all branches. It is the technology more than the functionality which is referred to by the phrase "Centralized Core Banking Software". The end user software must be browser based as it allows the bank to install the main software and its patches on a single centralized application server which gets downloaded to the bank officer’s terminal on his browser automatically. Ideally this should be written in Java Applets as they allow for encrypted data + compressed data movement between the client machine and the server machine.
What Is A True Centralized Core Banking System?
In a true centralized core banking system, its architecture should consist of:
1. Single database server for the entire bank
2. Single application server for the entire bank
3. No application or patch installation manually or through a program at any node except the central application server
4. All branches connected to the centralized application server through leased lines
5. No branch database servers
6. No application servers of any type at any branch
Functionality
In general, centralized core banking allows a bank to be a global bank (a product offering change in a single place makes the change applicable for all branches), and have global customers and branches. Specifically, the bank can perform the following functions with centralized core banking software:
• Retail Functions: Savings Account, Current Account (CC/OD/CL), Term Deposits, Loan Accounts and Remittances
• Corporate Functions: Letters of Credit, Letters of Guarantee (Bank Guarantees), Bill Purchase, Inward and Outward Bill Collection (Both financial and non financial documents)
What Are The Advantages Of A Centralized CBS?
1. Global customer, Global bank, and Global employees
2. Bank can get information from its entire database at any instant at a high level or at any level of detail by pressing a button rather than wait for all the reports to come in at the end of the day and then consolidate them.
3. It is cost effective as no separate database server is required at each branch and no database administrator is required at each branch
4. Centralized parameter and product setup removes the possibility of human error in copy paste and allows the bank to get onto the new products instantly across all its branches.
5. This is a must in order to have risk management and know your customer (KYC) as the customer belongs to the bank and not to individual branches.
Centralized Core Banking Software refers to software which uses a single physical database across all the branches of the bank. All the parameters for any product can be setup in this single database from a single location (typically HO) and applied to all the accounts across all branches. It is the technology more than the functionality which is referred to by the phrase "Centralized Core Banking Software". The end user software must be browser based as it allows the bank to install the main software and its patches on a single centralized application server which gets downloaded to the bank officer’s terminal on his browser automatically. Ideally this should be written in Java Applets as they allow for encrypted data + compressed data movement between the client machine and the server machine.
What Is A True Centralized Core Banking System?
In a true centralized core banking system, its architecture should consist of:
1. Single database server for the entire bank
2. Single application server for the entire bank
3. No application or patch installation manually or through a program at any node except the central application server
4. All branches connected to the centralized application server through leased lines
5. No branch database servers
6. No application servers of any type at any branch
Functionality
In general, centralized core banking allows a bank to be a global bank (a product offering change in a single place makes the change applicable for all branches), and have global customers and branches. Specifically, the bank can perform the following functions with centralized core banking software:
• Retail Functions: Savings Account, Current Account (CC/OD/CL), Term Deposits, Loan Accounts and Remittances
• Corporate Functions: Letters of Credit, Letters of Guarantee (Bank Guarantees), Bill Purchase, Inward and Outward Bill Collection (Both financial and non financial documents)
What Are The Advantages Of A Centralized CBS?
1. Global customer, Global bank, and Global employees
2. Bank can get information from its entire database at any instant at a high level or at any level of detail by pressing a button rather than wait for all the reports to come in at the end of the day and then consolidate them.
3. It is cost effective as no separate database server is required at each branch and no database administrator is required at each branch
4. Centralized parameter and product setup removes the possibility of human error in copy paste and allows the bank to get onto the new products instantly across all its branches.
5. This is a must in order to have risk management and know your customer (KYC) as the customer belongs to the bank and not to individual branches.
DJ.Parker said:matath oya article eka hambuna bt sure nathi nisa ahuwehellbuster kiwwa hnb-sampath-peoples etc wage network karapu ewath mekata aiythi kiyala. But sure naa
hmmm....
mekai....apita A/L syllabus eke mama danna tharamin num ugannene "EKEEYA BANNKUAKARANAYAI"...."ANTHAR BANKUKARANAYAI" thamai...
mama hithanne me paara A/L ppr eke...lamai wa mol karanna...."EKEEYA BANKUKARANAYA" kiyana ekama wena namakin..."KENDRAGATHA BANKU JAALAYAK" kiyala...ahala!!
habai...mata hondtama sure....SAMPATH...HNB wage wa link wenne "INTER-BANKING"...nathnum,,,"ANTHAR BANKUKARANAYA" haraha.....
oka sure ma neha......
so....
mekath kiyawala balannako...
http://www.peoplesbank.lk/news_0022.shtml
so....
mekath kiyawala balannako...
http://www.peoplesbank.lk/news_0022.shtml
DJ.Parker said:hmm meke thiyenne between branches kiyala neda? macho S.W.I.F.T eka mokakda? mataka nane
eka ne mama kiyuwe!
eketh kiyanna "EKEEYA BANKU KARANAYA" kiyana ekata samaana deyak....mama kiuwa wage......
papper eka lesii??
hande da?
DJ.Parker said:hmm meke thiyenne between branches kiyala neda? macho S.W.I.F.T eka mokakda? mataka nane
Society of World-wide Financial Telecommunication
it is an inter conncetion between the banks all thru out th world thru TELEPHONE SYSTEMS!1 it mks the transactions and the communication netween world wide banks easy and quick! its kind of AN INTER TELEPHONE SYSTEM...in simple words...
the mother country of this system is BELGIUM!!
umba dannawane SSS padathiyai....RTGS paddathiyai...??
e deka athara communication eka thiyagannath me SWIFT ...ehema nathnum..me telephone network system eka paawichchi karanawa.....
ok???
DJ.Parker said:ow lesi bun
hande kiwwe??
lesi??
bambuwa thamai!!
ane manda! umba brita hinda umbata lesi athi!!!
Nash' said:Society of World-wide Financial Telecommunication
it is an inter conncetion between the banks all thru out th world thru TELEPHONE SYSTEMS!1 it mks the transactions and the communication netween world wide banks easy and quick! its kind of AN INTER TELEPHONE SYSTEM...in simple words...
the mother country of this system is BELGIUM!!
umba dannawane SSS padathiyai....RTGS paddathiyai...??
e deka athara communication eka thiyagannath me SWIFT ...ehema nathnum..me telephone network system eka paawichchi karanawa.....
ok???
sss rtgs danne nathoooooo. mona lesson ekeda?
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