Presently, only 32% (510 out of 1589 as on March, 2014) of UCBs have adopted Core Banking Solution (CBS). Delay in adopting technology has resulted in UCBs losing their customers to commercial banks. They also become vulnerable to frauds due to use of applications that are outdated or lacking security features, etc.
BIS central bankers’ speeches  1  Commodities Major commodity exporters, including Canada and much of Latin America, are experiencing a large, positive terms-of-trade shock (see Appendix, Chart 1).