IIBF Certified Information System Banker Practice Questions - IIBF Certified Information System Banker (India) Exam

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What is the primary architectural characteristic of a Core Banking Solution (CBS) that distinguishes it from legacy branch banking systems?

It features a centralized database that updates all accounts and transactions in real-time. It relies on decentralized local databases at each branch with end-of-day batch processing. It processes transactions offline and synchronizes them weekly via physical storage media. It operates entirely on client-side mobile applications without backend server dependency.

Correct Answer:

It features a centralized database that updates all accounts and transactions in real-time.

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