Computer Science · Data Management
What does the term 'Data Archiving' mean in the context of Core Banking Systems?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Converting all numerical data into text format for reports.
- 2Creating a backup of current daily transaction data.
- 3Moving older, rarely used data to long-term storage to improve system performance.✓
- 4Deleting all inactive customer accounts after one year.
Correct answer
Moving older, rarely used data to long-term storage to improve system performance.
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