Core Banking Solution: Meeting Regulatory Requirements in Bangladesh

Overview

The Core Banking Solution (CBS) in Bangladesh has been developed to meet the guidelines set by Bangladesh Bank. This document outlines various aspects of the CBS, including its module on General Banking.

Key Features and Controls

1. Bank and Branch Setup

• Initial parameter setup: number formats, account number length, chart of accounts, remittance, products, customer segmentation, static codes, back-dated interest/profit rates, inter-branch transactions, cost centers, profit centers, and user-defined fields.
• Configuration management system with role-based options for adding/activating/deactivating/viewing functionalities.

2. Configuration Management and System Architecture

• Ease of branch setup
• Branch-wise open/closure
• Deployable in 365247 mode for delivery channels

3. Security Framework

• Single sign-on mechanism
• Role-based user management
• Calendar configuration facility
• Data archiving
• Housekeeping facility
• Two-factor authentication/one-time password (2FA/OTP) for signing into the system

Conclusion

The Core Banking Solution in Bangladesh has been designed to meet the regulatory requirements set by Bangladesh Bank. This document provides a comprehensive overview of its features and controls, highlighting its capabilities in bank and branch setup, configuration management, security framework, and more.