Question

In SFMS, M denotes 

A Magnetic Correct Answer Incorrect Answer
B Marketing Correct Answer Incorrect Answer
C Messaging Correct Answer Incorrect Answer
D Mortgage Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Structured Financial Messaging System (SFMS) is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications. SFMS can be used for secure communication within the bank and between banks. The SFMS was launched on December 14, 2001 at IDRBT.

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