Core banking system (CBS)

core banking system referss to a centralized system /software established by a bank which allows its customers to conduct their business from any branch irrespective of bank's branch from which they had opened their aaccount.core is abbreviation of CENTRALIZED ONLINE REAL EXCHANGE.

Central server helps in the service of CBS system. CBS evolved in 1970s and since then it has gone through several changes getting its peaak in this era.it manages all its business activities in a centralized model.operarion includes making account and serving loans , withdrawl , customers enquiry ,transactions like cash deposit and withdrawls etc.
reference https://tyrocity.com/topic/core-banking-system/