Data consistency and integrity are essential aspects of database management, particularly in systems like core banking where accuracy and reliability are critical.
Data Consistency:
Data consistency refers to the correctness, validity, and reliability of data stored in a database. In other words, it ensures that data remains accurate and valid throughout its lifecycle, despite any changes or operations performed on it. Consistency guarantees that the data meets all specified constraints, rules, and standards set by the database schema.
For example, in a core banking system, consider a scenario where a customer transfers money from one account to another. Data consistency ensures that the transaction is processed accurately and that the balances of both the sender's and receiver's accounts are updated correctly. If, due to a system error or failure, the transaction is only partially completed, data consistency mechanisms would ensure that the database is restored to a consistent state, either by completi