Computer · Banking Technology

Consider the following statements regarding bank computerization: Statement 1: The Three-tier Architecture of a Core Banking Solution consists of the Presentation Layer (on the user's device), the Application Layer (handling business logic), and the Data Layer (where information is stored). Statement 2: Magnetic Ink Character Recognition (MICR) characters, used on cheques, can be read accurately even if they have been obscured by stamps or signatures, unlike standard Optical Character Recognition (OCR). Statement 3: Cloud Computing in banking refers strictly to public clouds for sensitive data storage, and the RBI has mandated that all Indian banks move their entire Core Banking Solution to public clouds to eliminate local data centers. Which of the statements given above are correct?