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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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How to fill out assessment of core banking
01
Gather all necessary information about the core banking system.
02
Review the evaluation criteria for the assessment.
03
Fill out the assessment form, providing detailed information for each section.
04
Ensure all relevant stakeholders are involved in the process.
05
Review and double-check the completed assessment before submission.
Who needs assessment of core banking?
01
Banks and financial institutions that use core banking systems.
02
Regulators and auditors overseeing the banking industry.
03
Consultants and advisors providing services to banks.
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What is assessment of core banking?
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.
Who is required to file assessment of core banking?
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.
How to fill out assessment of core banking?
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.
What is the purpose of assessment of core banking?
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.
What information must be reported on assessment of core banking?
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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