Question
What is the name of the banking service which is
provided by a group of networked bank branches where customers may access their bank account and perform basic transactions from any of the member branch offices?Solution
Core banking is a banking service provided by a group of networked bank branches where customers may access their bank account and perform basic transactions from any of the member branch offices. Core banking is often associated with retail banking and many banks treat the retail customers as their core banking customers.
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