RAA reports inefficiency in BDBL’s core banking solution

The Royal Audit Authority (RAA) recommends the Bhutan Development Bank Limited to incorporate field receipts management and institute robust IT controls in Finacle Core Banking Solution (CBS).

The report, 2018, IT audit on Finacle CBS at the bank found that without a defined and approved system migration methodology to serve as blueprint for system migration from Ascend Banking System (ABS) to Finacle CBS, the bank was negatively impacted and might do so even in the future.

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