Explain the different types of banking software applications are available in this industry?
Some of the banking software applications are:-
- Internet banking system: This application allows the customers and the banks to do the transaction using the bank's website.
- Stock market management system: This application manages the financial portfolio like securities and bonds.
- Loan management system: This application collects all the data and maintains the track about the customers who borrow the money.
- ATM banking (Automated Teller Machine): ATM is an electronic banking machine which allows the customers to complete necessary transactions.
This is also an essential question in banking interview questions.
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