Question 45. Please Explain What Are The Different Types Of Banking Software Applications Are Available In The Industry?
Answer : There are many types of banking software applications and few are listed below a) Internet banking system: Internet banking allows the customers and financial institution to conduct final transaction using banks or financial institute website. b) ATM banking (Automated Teller Machine): It is an electronic banking outlet, which allows customers to complete basic transaction. c) Core banking system: Core banking is a service provided by a networked bank branches. With this, customer can withdraw money from any branch.
