Query on Central Repository System (Banking)
Here in Malaysia, (at the point of my year 2004 understanding) the CRS has always been a branding for banking and financial institution. The rest are government/civil service, bourse and bluechips.
Here's a typical example being used in banks.
- Dbase/VBA to capture and convert datum like signature, thumbprints (biometrics), photos etc of the customers - verification system can be used not only at the branch level but also inter-banks as well.
>Encrypted and Compressed.
- Centralizing local/outstation cheques - fully or semi-auto
>hence, reduce time and cost of delivery for redistribution of cheques to branches or inter-bank
>fast clearance, reduce cheque mobilisation and retrieval time, no more microfilming, paperless, (business process reengineering by the irony 'downsizing'),
> reducing workload of the HQ, withdrawal can be made at branch/inter-bank level etc. etc.
>Thus the operational costs will be reduced.
>Transactions can also be made at ATM/Cash & Cheque Deposit, Kiosks and the popular internet banking.
>User friendly - can run on any platforms even 486.
>Anti-Fraud, Hacking, Unauthorized access etc. etc.