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Q: Why is it sometimes hard to predict the flow of deposits in the banking systems?
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What are the uses of banking system?

uses of banking systems are as follows:- save money. get loans. remittances facility. safe vault. withdrawals in case of need. get interest for our deposits, priority sector loans. insurance for our deposits up to Rs.1 lakh. and more.


What are consumer EFT transactions?

encompass all retail banking services, such as deposits, withdrawals, and queries. These retail transactions are facilitated by point-of-sale systems and automated teller machines, or ATMs


What financial services are available through electronic banking systems?

Business & Finance > Personal Finance > Money Management > Banking > What financial services are available through electronic banking systems?


Is investment banking part of the Core banking systems?

No. Investment banking doesn't have to be part of core banking and/or minimal banking services. Investment banking is essentially a very different type of banking, it is not the same as retail, commercial or trade banking (which would constitute as core banking).


Who established one of the first banking systems?

Michelangelo


Did the National Banking Act of 1864 end the State Banking Systems in the US OR did it create an adaptable flexible system of central banking for the US?

true


What does CIS stand for in banking terms?

Customer Information Systems


What is VRU in banking?

"Voice Response Unit" for telephone banking. It is the automated telephone banking systems common in most banks and credit unions when a customer or member makes electronic banking transactions or inquiries via telephone.


What is the function electrical engineer in banking sector?

Many banks will hire an electrical engineer to assist with their online, phone, and e-banking systems. The engineer will be working with the networking and hardware to insure the systems are running properly.


What are the nature of e-banking?

While most backoffice banking has been electronic for four decades, the term e-banking generally refers to "Systems of Engagement". These are the systems which allow the customer to engage the bank in transactions or information transmission electronically. These include Internet, telephone, mobile payments, ATMs, etc.


How may imageprocessing by multimedia systems be used in banking?

An example may be found in banking systems that use computer-output microform devices to store images of checks and place several check images on the customer's bank statement


What are intelligent support systems sometimes referred to as?

Intelligent support systems (ISS), sometimes referred to as expert systems, are one of the more advanced forms of information systems.