ROLE OF INFORMATION TECHNOLOGY IN BANKING SECTOR
Author(s):
C.BHARGAVI
Keywords:
IT, ATM, Tele-Banking, Internet-Banking
Abstract
Information Technology Is The Order Of The Day In All The Sectors Of Economy All Over The World. The Banking Area Has Embraced The Usage Of Technology To Serve Its Clients Quicker And Also To Do Extra With Much Less. Emerging Technologies Have Changed The Banking Enterprise From Paper And Department Based Banks To Digitalized And Network Banking Services. Unlike Before, Broadband Internet Is Cheap And It Makes The Switch Of Statistics Clean And Primary. Technology Has Modified The Accounting And Management Gadget Of All Banks. Information Era Refers To The Acquisition, Processing, Storage And Dissemination Of All Sorts Of Records The Usage Of Pc Technology And Telecommunication Systems. Information Technology Structure Is An Integrated Framework For Acquiring And Evolving It To Reap Strategic Desires. The Branches Are Strolling On The Concept Of 24 X 7 Running, Made Feasible With The Aid Of The Use Of Tele Banking, Atms, Internet Banking, Mobile Banking And E -Banking. These Technologies Pushed Transport Channels Are Being Used To Reach Out To Maximum Quantity Of Clients At Lower Value And In Most Green Way. The Beauty Of These Banking Improvements Is That It Places Both Banker And Patron In A Win- Win Situation. Effective Use Of Era Has A Multiplier Effect On Growth And Development.
Article Details
Unique Paper ID: 153867

Publication Volume & Issue: Volume 8, Issue 8

Page(s): 211 - 215
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