Why CBS in Banking Industry worldwide?

Why CBS in Banking Industry worldwide ?

Under the Centralized Banking Solution the data of all the branches of a Bank is centralised at one place viz; Data Centre. This effectively means that all operations at the connected branches are being done through Servers at Data Centre and Branch is not having any data storage devices. Branches are having only Windows Based PCs or thin clients(terminals without a hard disk) which are capable of running Internet Explorer. Other Delivery Channels like ATMs etc are also connected to Data Centre through ATM Switch.The branches are now called the SOL (service outlets) because each sol is working as a service window just like a railway reservation counters where you can book a ticket even if a single window is open. Similarly customers can transact even if a single sol is open. From customers’ perspective now customer is a customer of the bank and not a customer of the branch. This has facilitated Any-where, Anytime Banking convenience for the customer.From Bank’s perspective, centralized control over the application and processes has been ensured like change of parameters ,service charges, rate of interest etc which is being done by Data Centre only , apart from availability of effective MIS on real-time basis. All periodical returns can be generated centrally.Banks  in india and worldwide have already set up state of the art DATA CENTER having world class infrastructure and a DRS/DR (Disaster Recovery Site) having the same set up as at Data Center . presently  100% of bank’s business is already computerized on CBS our DRS is capable of running the branches in case of any eventuality at data center .As there is a time lag of 15-20 minutes between updation of data at DC and banks are also considering setting up of a ZERO DATA LOSS site in for them.