USE IN BANK SECTOR
There is no doubt that the banks use technology
in their transections. Technology makes work in the banks more easy and fast.
Emerging technologies have changed the banking industry from paper and branch
based banks to ”digitized and networked banking services. Unlike before,
broadband internet is cheap and it makes the transfer of data easy and first.
Technology has changed the accounting and management system of all banks. And
it is now changing the way how banks are delivering services to their customers.
ROLE OF TECH IN BANK:
·
Plastic money: Credit cards or
smart cards like ‘’VISA ELECTRON’’ have made the banking industry more flexible
than before. With a credit card , a customer can borrow a specific amount of
money from the bank to purchase any thing and the bank bills them later.
- Remote banking: Banks have installed ATM machines in various areas; this means a customer does not have to go to the main branch to make transactions. This facility has also enabled anytime banking, because customers can use ATM machines to deposit money on their accounts
Reference :Ramey, K. (2012). The Role of
Technology in Banking Industry - Use of Technology. [online] Use of Technology.
Available at: http://www.useoftechnology.com/role-technology-banking-industry/
[Accessed 2 Apr. 2016].
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