The impact of information technology in banking industry july 24, 2013 by articles 1 comment in firms that are conscious of need for better information management, there is a shift from a fact and information gathering activity to a problem solving and action recommending function. Banking tellers also use computers to access customer data quickly instead of having to find a file for every customer who enters, tellers can simple type in the customer's name and bring up relevant data instantly. The impact of computer in the banking sector in the 21st century, more and more people are using the computer and banking system to manage their personal and business finances.
Computers in the banking sector have enhanced customer service and productivity regarding account management, while streamlining back-office activities the biggest impact is in the area of competition. Computers allow banks to provide atm services, online banking, speedier transactions and accurate tracking and verification of funds they also make banking institutions more secure through enhanced security and surveillance setups prior to computers, all bank accounting was done by hand this.
Impact of it on the banking sector this presentation analyzes the performance of major banks in terms of productivity and profitability in the pre and post e-banking period under the regime of banking sector reforms, it act of 1999 gave new dimensions to the indian banking sector.
In the field of banking and finance, computers are extensively used people can use the atm services twenty four hours of the day in order to deposit and withdraw cash when the different branches of bank are connected through the computer networks then inter branch transactions can be done by the computers without any delay.
Free essay: the impact of computer in the banking sector in the 21st century, more and more people are using the computer and banking system to manage their. The impact of computer in the banking sector in the 21st century, more and more people are using the computer and banking system to manage their personal and business finances indeed, the blending of computer and banking has made the overall management of household and business finances far easier than it ever has been at any point in history.
In fact, computers have been in use in banking since the 1950s, when bank of america introduced a computer designed specifically for processing checks each new decade has brought innovations that change the way banks manage daily operations and serve customers.