In a core banking solution, which component ensures real-time updating of all…
2023
In a core banking solution, which component ensures real-time updating of all customer transactions across branches ?
Answer: B. Centralized Database Server — The correct answer is Option B. A Centralized Database Server acts as the single source of truth in a Core Banking Solution (CBS). It ensures that any…
- A.
CRM System
- B.
Centralized Database Server
- C.
Data Mart
- D.
Data Warehouse
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Correct answer: B
The correct answer is Option B. A Centralized Database Server acts as the single source of truth in a Core Banking Solution (CBS). It ensures that any transaction made at any branch, ATM, or online portal is updated immediately and globally in real-time, preventing inconsistency.
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