"When Core Banking Systems Crash: A Hidden Risk!"
Welcome to Bankerz World! 🚀
A malfunction in CBS (Core Banking System) is a critical operational risk that can disrupt the entire banking ecosystem — from ATM failures to delayed fund transfers, inaccessible accounts, and even regulatory breaches.
🔧 CBS is the central nervous system of a bank — it processes real-time transactions, account updates, compliance checks, and more.
⚠️ What Can Go Wrong:
🛑 System Downtime – No ATM withdrawals, online banking halted
🔄 Data Sync Failures – Inconsistent account balances
❌ Failed Transactions – NEFT/IMPS not processed
🔐 Security Breaches – Vulnerable to cyberattacks if patches are missed
📉 Reputational Damage – Loss of customer trust + media backlash
🧠 Risk Category: Operational Risk
✅ Specifically falls under System Failure
🛡️ How Banks Manage It:
Disaster Recovery & Backup Systems
High-Availability Architecture
Real-Time Monitoring Tools
Regular CBS Maintenance + Stress Testing
Incident Reporting & Escalation Protocols
📌 Real-Life Impact Example:
A major Indian bank’s CBS outage in 2020 delayed salary credits, stopped card transactions, and triggered regulatory scrutiny — showing how deep this risk runs.
#OperationalRisk #CoreBankingSystem
#BankingTechnology #SystemFailure
#RiskManagement #CBSFailure
#BankingDisruption #ITinBanking
#DigitalBankingRisk #FinTechRisk
Видео "When Core Banking Systems Crash: A Hidden Risk!" канала Bankerz World
A malfunction in CBS (Core Banking System) is a critical operational risk that can disrupt the entire banking ecosystem — from ATM failures to delayed fund transfers, inaccessible accounts, and even regulatory breaches.
🔧 CBS is the central nervous system of a bank — it processes real-time transactions, account updates, compliance checks, and more.
⚠️ What Can Go Wrong:
🛑 System Downtime – No ATM withdrawals, online banking halted
🔄 Data Sync Failures – Inconsistent account balances
❌ Failed Transactions – NEFT/IMPS not processed
🔐 Security Breaches – Vulnerable to cyberattacks if patches are missed
📉 Reputational Damage – Loss of customer trust + media backlash
🧠 Risk Category: Operational Risk
✅ Specifically falls under System Failure
🛡️ How Banks Manage It:
Disaster Recovery & Backup Systems
High-Availability Architecture
Real-Time Monitoring Tools
Regular CBS Maintenance + Stress Testing
Incident Reporting & Escalation Protocols
📌 Real-Life Impact Example:
A major Indian bank’s CBS outage in 2020 delayed salary credits, stopped card transactions, and triggered regulatory scrutiny — showing how deep this risk runs.
#OperationalRisk #CoreBankingSystem
#BankingTechnology #SystemFailure
#RiskManagement #CBSFailure
#BankingDisruption #ITinBanking
#DigitalBankingRisk #FinTechRisk
Видео "When Core Banking Systems Crash: A Hidden Risk!" канала Bankerz World
Комментарии отсутствуют
Информация о видео
20 ч. 47 мин. назад
00:00:11
Другие видео канала
Counterparty Risk Explained! ⚠️🏦 #quiz #financialrisk
"Compliance Appraisal in Banking! 🏦✅ | Why It Matters"
Union Budget 2025: What You Need to Know!
"Total Return Swap (TRS): Own the Risk, Not the Asset!"
💰 Unlocking Liquidity: Key Asset-Side Sources
"Credit Derivatives: How Does the Payout Work?"
"Why Liquidity Matters in Lending! 💧💰"
"Front to Back: How Risk is Managed Across Trading Desks"
"Altman Z-Score: Predict Bankruptcy Before It Happens!"
📊 Asset Sensitivity in ALM: Managing Interest Rate Risks ⚖️💰
"What Are STRIPS? Zero-Coupon Bonds in Disguise!"
Risk Culture – The Backbone of Risk Management! ⚠️🏦
"Credit Events: What Triggers a Payout in Credit Derivatives?"
📊 Short-Term Liquidity Statement: Managing Immediate Cash Flow
"Risk Taxonomy Explained! 📊⚠️ | Understanding Different Types of Risks"
MSME CLASSIFICATION REVISED 🥳🥳🥳
Enterprise Risk Management (ERM) – A 360° Approach! ⚠️🏦
📈 Yield Curve Indications in Interest Rate Risk (IRR) Management
"Credit Linked Notes (CLNs): Higher Yield, Higher Risk!"
Risk Appetite – How Much Risk Can You Take? ⚖️💰