CBS

1. Imagine you're at a large railway station in India, like New Delhi Railway Station. There are multiple trains arriving and departing, each going to different destinations with its own set of passengers, schedules, and tracks. Additionally, there are services like food delivery apps, cab booking services, and hotel reservation platforms that want to serve the passengers at the station. Now, think of the CBS (Core Banking Solution) as the central control room of the station. This control room not only keeps track of every train and its details but also integrates with these third-party services (like the food delivery and cab booking apps). So, when a passenger arrives, they can not only check their train status but also order food or book a cab seamlessly. In the banking world, each "train" represents a different banking service or operation, while the third-party services are like other applications or tools that banks use. The CBS ensures that all these services, both internal and external, are integrated and work together smoothly. Just as the central control room ensures a hassle-free experience for passengers, the CBS ensures that all banking operations and third-party applications collaborate seamlessly for a smooth banking experience. 2. Imagine you're still at the New Delhi Railway Station. At this station, there are various points of interaction or ways you can get information and services. There's the digital display board showing train timings, ticket counters where you can book or inquire about your journey, kiosks providing information about the station's facilities, and even mobile apps that give you real-time updates about your train. In this scenario, each of these points – the display board, ticket counter, kiosk, and mobile app – represents a "different interface" at the railway station. Now, when we talk about "Different interfaces" being readily available in a CBS (Core Banking Solution), it means that the banking system provides multiple ways or methods for users (like bank employees, customers, or other systems) to interact with it. An "interface" in the CBS context could be an ATM screen, a mobile banking app, an online banking portal, or even the software used by bank tellers at the branch. Each of these interfaces allows users to access and manage their banking information and services in different ways, depending on their needs and preferences. Just as the railway station provides various methods for passengers to get the information they need, the CBS offers multiple interfaces to cater to the diverse needs of its users.

Anwesh Shetty

Faculty

31-Oct-23 12:39

Hi

Mohammed Danish. T

CA Inter

★ 4K+

22-Oct-23 14:13

Thank you so much sir 🙏

Thread Starter

Neha Baliga

CA Inter

★ 16K+

31-Oct-23 22:48