Computer Science · Information Technology inside Banking
Consider the following statements regarding the architecture and controls in a Core Banking System (CBS): Statement 1: A bank's investment in Networking Technologies is critical because the central CBS servers and the branch user terminals must be connected via a robust and secure network. Statement 2: The Flow of Transactions in CBS is typically a 'Store and Forward' model, where transactions are held locally at the branch for the day and then forwarded in a single batch to the central server during the End of Day (EOD) process. Statement 3: Protecting the physical hardware of the central server with an Uninterrupted Power System (UPS) is just as important as implementing strong Logical Access Control to ensure data integrity in the CBS. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 22 and 3 only
- 33 only
- 41 and 3 only✓
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1 and 3 only
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