|Published : 02 Dec 2016, 00:24:26|
BB issues CBS guidelines
The central bank of Bangladesh issued Guidelines on Core Banking Solution (CBS) Features and Controls Thursday aiming to establish a uniform set of instructions that will be adopted as the minimum requirement.
"The guidelines shall come into force with immediate effect but its full compliance must be completed within 12 months," the Bangladesh Bank said in a circular.
The CBS is playing a vital role in delivering technology-driven banking services. Now-a-days the role of CBS is not just a transaction processing engine, it is the key repository of information for further analysing CBS-related data and detecting risk therein.