Main Feeatures of Core Banking System

The main features of CBS include:

• Customer information files with all the non-dynamic information about the customer, business entity or group and relationships.
• All bank liability accounts : savings, fixed deposits, current accounts etc.
• All bank asset accounts: loans, mortgages and credit facilities.
• Bank General Ledger, Bank Financials and Audit trails.
• Payment systems & Real Time Gross Settlement.
• Card systems, Electronic Funds Transfer at the Point of Sale,Automated Teller Machines, and other electronic payments and transaction handling systems.
• Reporting and compliance with regulatory requirements.
• MIS for

1. Asset Liability Management (ALM)
2. Anti Money Laundering(AML)
3. Cash Management System (CMS)
4. Asset Monitoring (Non Performing Assets and Other Credit Information)
5. Basel II (for quantifying the operational risk associated with business products, services and volumes) etc.