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ST. MARYS UNIVERSITY SCHOOL OF GRADUATE STUDIESASSESSMENT OF CORE BANKING SYSTEM PRACTICE AND CHALLENGESIN BANK OF ABYSSINIABY: RAHEL TERESA NEGAWO ADVISOR: DR.ABEBAW KASSIEMAY2017 ADDIS ABABA, ETHIOPIASAINT
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Gather all necessary information about the core banking system.
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Who needs assessment of core banking?

01
Banks and financial institutions that use core banking systems.
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Regulators and auditors overseeing the banking industry.
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Consultants and advisors providing services to banks.
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Assessment of core banking refers to the evaluation process used to measure the effectiveness, efficiency, and compliance of a bank's core banking system, which includes policies, procedures, and technologies that manage customer accounts, transactions, and financial services.
Banks and financial institutions that utilize core banking systems are typically required to file an assessment. This includes all licensed banks operating within a regulatory framework.
To fill out the assessment of core banking, institutions must gather relevant data on their core banking systems, analyze performance metrics, compliance with regulations, and document findings in the prescribed format in accordance with regulatory guidelines.
The purpose of the assessment of core banking is to ensure that banking institutions operate efficiently, remain compliant with regulations, and effectively serve their customers' needs through robust banking systems.
Information that must be reported includes system performance metrics, compliance checks, risk assessments, customer service evaluations, transaction handling times, and any identified issues or discrepancies.
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