Multiple choice general knowledge science & technology

In context with the Core Banking System, what does CORE stands for ________?

  1. Centralized Online Records Exchange

  2. Centralized Office Real-time Exchange

  3. Centralized Online Real-time Exchange

  4. Central Online Real-time Exchange
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

CORE in Core Banking stands for Centralized Online Real-time Exchange. This refers to a networked banking system where all transactions and customer data are centralized in real-time, allowing any branch to access unified customer information instantly. This replaced the previous branch-based legacy systems.

Keep practicing — related questions