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Without domain knowledge, IT professional or developer will not understand the terms or jargon which is used in Business people. When developer start interact with users or clients, he should be able to get requirement and convert it to good software. So it is very important to understand domain knowledge for senior software engineer or architect.

When you start working in banking, you will come to know some jargon like front office, bank office, treasury and payment system. We will look into this in detail in below links.

Overview of Bank 
Types of Bank
Financial markets

Comments

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