Karshi branch of tashkent university of information technologies named after mukhammad al-khorezmi

CHAPTER 1. Study of cyber security issues in banking systems and their 
emerging trends in the latest technologies 
1.1. 
Applications of artificial intelligence in automated banking systems 
and modern banking systems. 
Let me talk about benefits of Automated banking systems. Banking software 
applications play a critical role in banking operations. They help automate and 
streamline various processes, such as account management, transactions, and reporting. 
• 
Automation of repetitive tasks: Banking software applications can automate 
repetitive tasks such as account management, transactions, and reporting, which can save 
time and reduce errors. 
• 
Improved efficiency & cost savings: Automating & streamlining processes can 
lead to increased efficiency and cost savings for the financial sector. 
• 
Better customer experience: Many banking software applications supply an easy-
to-use interface that clients can use to access their accounts and perform transactions. 
This leads to a hassle-free customer experience. 
• 
Fraud detection & prevention: Banking software applications can detect and 
prevent fraud by monitoring transactions for suspicious activity. 
• 
Compliance management: With the help of applications, businesses can help 
banks ensure compliance with various regulations, such as anti-money laundering and 
data privacy laws. 
• 
Data & insights for decision-making: Banking software applications can provide 
valuable data and insights to banks to make informed business decisions. 
Adopting banking software applications is essential for banks to remain competitive 
in today’s digital world. With the right banking software that perfectly meets their 
checklist, banks can effectively manage their daily operations, provide customers with a 
better overall experience, reduce costs, improve efficiency and enhance security.[12] 
Core Banking Systems 

---

10 
Straits Research stated that the global core banking software market size is expected 
to get a valuation of USD 20,054 million by 2030, expanding at a CAGR of 7.65% 
during the forecast period (2022–2030). 
Core banking systems are the backbone of modern banking operations, allowing 
banks and other financial institutions to provide more satisfactory customer services. 
These systems supply core functionalities like: 
• 
Processing deposits and withdrawals, 
• 
Managing accounts, 
• 
Monitoring customer activity, 
• 
Facilitating payments 
As the banking manufacture continues to advance and evolve, lots of companies are 
developing advanced and improved banking software solutions to strengthen their core 
banking systems. 
A number of automated banking systems will be described below: