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What is CBS in banking?

In the banking industry, CBS refers to Core Banking Solution. It is a central software framework that oversees all fundamental operations of a bank, regardless of branch location or online platform. In effect, CBS serves as the backbone of contemporary banking, enabling customers to access their accounts and conduct transactions from any location. This unified system enhances efficiency, provides a consolidated perspective of customer information, and elevates the banking experience by allowing access “anytime, anywhere.”

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