How is data stored in banking?
An example of an AI chatbot conversation about data storage in the banking sector.
How is data stored in banking?
Data in banking is stored using secure databases that ensure confidentiality and integrity. These databases can be relational or NoSQL, depending on the needs.
What types of data do banks store?
Banks store various types of data, including customer information, transaction records, account details, and compliance-related data.
How do banks ensure the security of this data?
Banks implement multiple security measures such as encryption, access controls, and regular audits to protect sensitive data.
What happens to data when a customer closes their account?
When an account is closed, the data is typically archived for a certain period for compliance purposes, then securely deleted.
Can customers access their data stored by the bank?
Yes, customers can usually access their data through online banking platforms or by requesting it directly from the bank.
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