What does Core in CORE BANKING SOLUTIONS really mean?
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an integrated suite of banking applications designed to support deposits, loans, cards customer management and collections for the global banking market.\nCORE would mean the basis of this.
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The core, the foundation around which other services, facilities and functionalities are built.
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The Knight's Templar were the first to have a system that was the closest to how current banks work. I'm unsure as to whether there was any interest...
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Conceptually, this is a simple task.  Identify the business unit's core process while simultaneously identifying the problems with it.  Determine the problem with either the greatest ROI (if cash is immediately required), maximum visibility (if you need to establish credibility), or least risk (if you doubt top management support) and fix that one first.\n\nIn reality, this is very difficult if not impossible for someone inside an organization to do because of questions about management support, access and control over available resources, political resistance, etc.
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WhenI first saw this I almost skipped it  as I had little idea what it  all meant.\n\nBut I did some quick research and found these sites informative:\n\nhttp://www.csie.ntu.edu.tw/~cjlin/libsvm/\nhttp://research.microsoft.com/research/pubs/view.aspx?type=Technical%20Report&id=580\n\nAnd this book:\nhttp://www.amazon.com/exec/obidos/tg/detail/-/079237679X?v=glance\n\nGood luck with it.
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Aside from providing for the execution of the business plan, it shows what an organization claims it values.\n\nEvaluation of budget-to-actual shows what an organization *really* values.  When I take on a new client, I ask to see the budget-to-actual for past years.  Here are some secret codes:\n\nBudget-to-Actual doesn't exist = The organization is undisciplined and out of control or is a complete dictatorship.\n\nBudget-to-Actual reasonably matches = Probably a decent organziation that tries to do what they say they will.\n\nBudget-to-Actual way out of whack in a couple areas = They blew planning in those areas but otherwise okay.\n\nBudget-to-Actual is way out whack everywhere but revenue = The organziation is dictatorially controlled, doesn't do what it claims but rather what the COO/CEO wants.
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Banks process all deposits in batches, usually run overnight. This is when the availability of funds is verified.  They give you the benefit of the doubt as soon as you deposit the money, however. This means that you can write a check against it but can't get cash. That's why we often see a "balance" and an "available balance" that differ. Hope that made sense, I was a bank teller for a few years in college.
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It basically means putting all your loans into one place and then you only pay one person the amount of the loan instead of paying several places.  It is worth considering but you must get a good deal before saying yes.
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I don't think this is official or anything, but there's an article here about the future of banking and they use the 3 Cs of competitiveness, consolidation, and convergence.
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small number of large banks. now a days automation is given importance. hence state bank of india is contemplating to merge with associated banks. like that several banks are planning merge.hence small number of large banks are preferred.
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"Top-down" thinking in business basically means that you begin your line of thinking at the most general/basic level and then "drill down" on the more specific, detailed items.  In a nutshell, the "top" is a strategic plan or general business question, the "bottom" represents the very detailed tasks needed to execute the plan or solve the question.\n\nCEOs of corporations, when trying to solve a business problem, use this line of thinking.  They themselves will begin by defining the problem at its most basic "high level" and then determine (and delegate) the more detailed "low level" tasks and analyses to their direct reports.
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I used to be a mortgage processor for citibank, we answered customer and broker calls, we checked the status of the loans, and did the paperwork. It would be a little different if you are working for the broker, for instance you would have more contact (face to face) with the customer.
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It is a Management tool to manage your assets and facilities efficiently.It can be deployed as a enterprise wide solution.
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This is what their website says is their "Business Philosophy" is:\n\nTo keep an organisation live and vibrant, growth is an essential phenomenon. And for growth to happen, organisations have to plant its root firmly on the ground of strong business philosophies. It is the ‘propose’ that drive organisations forward, and a strong philosophy is what fuels this advance.\n\n \n\nFederal Bank is the leading player in the category - traditional banks, the term tradition denoting that a set of values are followed for quite a few years. The bank envisions all-round prosperity to all its stakeholders; customers, employees, shareholders and associates. Excellence is practised and propagated, in all spheres of activities. Strategic alliances and diversification measures are adopted, making sure that the ultimate aim is achieved, to be a bank of true world class standards.\n\n \n\nTo become a bank respected by customers and competitors alike, there is an asset you can never dare to overlook – the employees. Well-trained, well-informed and happy work force with strong work ethics is sure to result in success with no precedents. An HRD policy aimed at developing a ‘WE’ attitude among the employees is reaping its results, the people the Bank evolving into an energetic lot who can make all the difference.\n\n \n\nWith prosperity comes responsibility, especially to the society that engulfs you. The bank is keen to fulfill its obligations under social lending and has been lending in the priority sector. Fedbank Hormis Memorial Foundation, a public charitable trust formed by the bank to perpetuate the fond memory of our founder chairman, Late Kulangara Paulo Hormis is striving hard to inculcate better knowledge and awareness in the field of banking through training programmes, focused seminars, awards and so on. \n\n \n\nCapitalising on our core competencies and smart sizing our operations, we are all geared to meet the challenges and take up the opportunities the banking industry proposes in the days to come. And the message that our every action conveys is loud and clear: we are your perfect banking partner.
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It's a position in retail or small business banking, you'll find a relationship banker in any retail bank branch.  They open customer accounts, sell mortgage loans, and deal with customer service.  A relationship banker could be considered like an assistant manager maybe if the bank was really small.
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It also means that you owe someone else money. If you have a customer and you did a crappy job on something, they can place a lein on your business until the job gets done right or you pay them the amount of the lein. Are you an LLC? LLC's can protect you from leins based on what type of company you are. Good luck!
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I believe they are referring to a one to one relationship with a "C" level person.  CEO, CFO, CIO, CMO, etc.  This would be a professional, social or other relationship.