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

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Under the Application Service Provider (ASP) model, how does a small cooperative bank typically access core banking solutions?

By purchasing and maintaining all physical servers within its own branch premises. By hosting software on a shared infrastructure managed by a third-party vendor over secure networks. By writing custom core banking code in-house using branch tellers as software programmers. By renting software licenses that are loaded locally onto standalone, offline branch PCs.

Correct Answer:

By hosting software on a shared infrastructure managed by a third-party vendor over secure networks.

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