Essay on uses of computer in banks

Moreover, lc text and details on bills can be sent by the customer, and the bank can download the same the technology used to provide this service is called electronic data interchange (edi) it is used to transmit business transactions in computer-readble form between organizations and individuals in a standard format. The customer can also check on the bank websites about loan eligibility and if they are eligible they can apply for bank loan such uses of banking in our daily life are stored, calculated and managed by computers with speed and accuracy the use of the computer in banking not only saving our productive. Besides, computer aided manufacturing can be used in designing and planning the product 5) uses of computers in banking fields: 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. While security measures are not flawless, they have become significant in recent years and do provide a hefty lot of protection to the consumer and the public with computers, access is fast, convenient, and available around the clock furthermore, customer's application for electronic banking facilities. Some areas of business that are undergoing rapid changes are sales and marketing, retailing, banking, stock trading, etc sales representatives not only need to be better educated and more knowledgeable about their customer's businesses, but also must be comfortable with computer technology the internet has become. Web-based banking is one of the benefits of the use of computers in banking computers have a wide range of use in the banking industry computers can record transaction histories of account activity, perform sample audits of accounts , process loans and provide robust customer service activities through web- based.

Computers are now part of our lives, they play important role in business, education, health care etc let's discuss the importance of computers briefly computer technology has become so much a part of our lives that even imagining a day without it is now out of question it is there in all the spheres of life even our. If the doctor were to hand-write every little thing, to keep track of such things, it would be very difficult, but with computers, the task uses less time and the process is simplified this does not exclude the accounting sector, where things are not as simple as keeping books to show profit, loss and the balance in the bank. Free essay: solution for the it security banking and ethics there are several solutions for the islamic banking, it security and ethics in where their disconnect your computer from the internet when you are not it used four different methods of attacking computer systems, which made it extremely difficult to stop. Core banking became possible with the advent of computer and telecommunication technology that allowed information to be shared between bank branches quickly and efficiently before the 1970s it used to take at least a day for a transaction to reflect in the real account because each branch had their local servers, and.

One of the major sectors to reap the benefits of computers and information systems is the banks the nature of the banking industry along with other financial industries involves information and trust being in the service industry, banks are in the most need of information technologies like cloud computing. The use of computer in the banking sector can be an efficient tool in speeding up the process and cutting the price of creating and undertaking figure works there are numerous benefits of computer in the banking sector such as: bring about simplicity in term of worrying condition reduce stress of work and consuming.

Types of computers used in banks include mainframes for data storage and data analysis, atms used by customers and teller pcs for transactions and transfers. The reason digital banking is more than just a mobile or online platform is that it includes middleware solutions middleware is software that bridges operating systems or databases with other applications financial industry departments such as risk management, product development and marketing must also be included in. In all reality, when you read the information listed below of all the various uses of computers in hospitals, you will come to wonder, as i did, how did hospitals survived without technology it certainly has this includes personal medical plans for the patient that are stored in computer memory banks.

Every bank uses a mainframe because only big iron provides the processing power to support the many functions banks need a computer to perform mainframes don't just keep the bank's records and crunch numbers they support cloud and mobile transactions, monitor for signs of fraud, perform analytics. Due to the nature of the connectivity between bank and its customers, it would be impractical to expect customers to regularly visit banks or connect to a web site for regular upgrade of their mobile banking application it will be expected that the mobile application itself check the. 1 suggestive curriculum framework for using computers in teacher training programme: “computers in education” 2 real life uses of computers in keeping records in relation to personal history creating question bank for students using computers for testing by asking questions from question bank.

Writing sample of essay on a given topic uses of computer in our society august 10, 2017 by sam essay samples, free essay samples through this technology, more companies and banks have come together to harness the power in the computers to ease their operations and improve their. Co-operatives today - selected essays from various fields of co-operatives activities - a tribute to prof the writer has also used the computer to prepare a preliminary regression analysis on introducing co-operative banking in developing countries11 in this application, ram, a comprehensive statistical package for.

Essay on uses of computer in banks
Rated 5/5 based on 45 review

Essay on uses of computer in banks media

essay on uses of computer in banks We know well that computers are being used by the financial institutions like banks for different purposes the foremost important thing is to store information about different account holders in a database to be available at any time keeping the records of the cash flow, giving the information regarding your. essay on uses of computer in banks We know well that computers are being used by the financial institutions like banks for different purposes the foremost important thing is to store information about different account holders in a database to be available at any time keeping the records of the cash flow, giving the information regarding your. essay on uses of computer in banks We know well that computers are being used by the financial institutions like banks for different purposes the foremost important thing is to store information about different account holders in a database to be available at any time keeping the records of the cash flow, giving the information regarding your. essay on uses of computer in banks We know well that computers are being used by the financial institutions like banks for different purposes the foremost important thing is to store information about different account holders in a database to be available at any time keeping the records of the cash flow, giving the information regarding your. essay on uses of computer in banks We know well that computers are being used by the financial institutions like banks for different purposes the foremost important thing is to store information about different account holders in a database to be available at any time keeping the records of the cash flow, giving the information regarding your.