Abrief description of three core business services and security and privacy needs in relation to the bank’s core

business services.

Answer and Explanation:

Three Core Business Services provided by the bank and Security & Privacy are as follows:

Deposit Service: The bank acknowledges deposit from the customer and pay them fixed or aggregate rate of interest on the sum kept. Security and protection in such manner bank ought to guarantee that the details of account holder are not being imparted to anybody and the sum so store are paid to the customer or its candidate after appropriate check

Borrowing and lending facility: Bank gives its customer both short and long terms loan at a fixed or variable rate of interest like individual loan, money credit , home loan and so etc. In such manner bank ought to guarantee that right premium are charged to the customer and recuperation ought to be made according to the terms and states of the agreement.

Foreign currency exchange: Bank also helps its customer in purchasing and selling the foreign cash required for the universal exchange guaranteeing all the administrative prerequisites are consented while executing such exchange. As this exchanges occur through uncommon records so the subtleties of such record ought to likewise be appropriately verified by the bank.

answervpn;

answerinformation systems literacy;