What is the meaning of and difference between Core Banking and Anywhere Banking

Core Banking Solution (CBS) is networking of branches, which enables customers to operate their accounts, and avail banking services from any branch of the Bank on CBS network, regardless of where he maintains his account. The customer is no more the customer of a Branch. He becomes the Bank’s Customer. Thus CBS is a step towards enhancing customer convenience through Anywhere and Anytime Banking.

Anywhere Banking is a highly secure and convenient system for online, real-time inter branch transactions across the Bank. Anywhere banking offers greater flexibility, transaction power, convenience and ease in banking. The benefits of anywhere banking come to light in the context that it is no longer practically possible to carry money everywhere we go and also to restrict banking to one branch or open multiple bank accounts wherever we go.

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