Challenges and Prospects Associated with Core Banking System (In Case of Commercial Bank of Ethiopia Gubriye Branch)

Abstract

This research entitled Challenges and Prospects Associated with Core Banking System: the case of Commercial Bank of Ethiopia gubriye branch. Commercial bank of Ethiopia gubriye branch is selected as a sample using purposive sampling. The main objective of this research is to assess thechallenges and prospects the bank faces after implementation of core banking system. This research is an exploratory type focusing on describing the situation as it exists. The required data is gathered through interview, questioner based survey and document review from primary and secondary sources. The data is analyzed on qualitative basis and the result of the study shows that the changes resulting from implementation of the system are more of beneficial and there is tremendous opportunity to exploit using the system. The challenges were in relation to Technological infrastructure requirement problem, Unemployment problem, and Data conversion problem, highly qualified professionals are to be employed due to this salary burden increase, Network interruption problem, Knowledge gap for the new system. And Network interruption when new branch join the system.The literature available in this regard were classified in to theoretical reviews (meaning and history of core banking, elements of core banking and information system security and internal control) and empirical reviews (technology and banking industry, challenges of implementation of core banking and customers and core banking system