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Accordingly, the research and development activities of the institute aim at improving banking technology in India. While addressing the immediate concerns of the banking sector, the research at the institute also focuses on anticipating the future needs and requirements of the banking sector and developing technologies to address them.
A programmable logic controller (PLC) or programmable controller is an industrial computer that has been ruggedized and adapted for the control of manufacturing processes, such as assembly lines, machines, robotic devices, or any activity that requires high reliability, ease of programming, and process fault diagnosis.
Programmable logic controller (PLC)A Programmable Logic Controller, PLC or Programmable Controller is a digital computer used for automation of electromechanical processes, such as control of machinery on factory assembly lines, amusement rides, or light fixtures. The abbreviation "PLC" and the term "Programmable Logic Controller" are ...
Advanced Function Presentation (AFP) is a presentation architecture and family of associated printer software and hardware that provides for document and information presentation independent of specific applications and devices.
The Banking Industry Architecture Network e.V. (BIAN) is an independent, member owned, not-for-profit association to establish and promote a common architectural framework for enabling banking interoperability. It was established in 2008. BIAN's goal is to establish a semantic framework to identify and define IT services in the banking industry.
Advanced measurement approach (AMA) is one of three possible operational risk methods that can be used under Basel II by a bank or other financial institution. The other two are the Basic Indicator Approach and the Standardised Approach. The methods (or approaches) increase in sophistication and risk sensitivity with AMA being the most advanced ...
Investec consists of two areas of activity, namely: wealth, and investment and banking. [2] Its specialist banking divisions include private banking, for high net worth and high income individuals, and corporate and investment banking, providing lending, transactional banking, treasury and trading, advisory and investment services.
Banking software is used by millions of users across hundreds or thousands of branches. This means that the software must be managed on many machines even in a small bank. The core banking system is a major investment for retail banks and maintaining and managing the system can represent a large part of the cost of running a bank.