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Computing and information technology has effected and essentially revolutionised the banking industry within a broad variety of ways, it has allowed the use of credit cards to be broadly used upon the banking spectrum and has reduced the amount of 'Physical' money drastically. Did you know now less then 8% of the world money is actually physical the rest is virtual money stored upon accounts and so on!

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11y ago
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15y ago

The ongoing revolution of Information technology (IT) has been assisting the industrialized and emerging markets, including the banking sector in their inter-operable systems.

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9y ago

Technology in banking affects the consumer in various ways. For example, it allows the customer to use online banking for convenience.

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9y ago

Information Technology is used to provide computerized accounting in banking. Also, I.T. is integral in maintaining the voluminous information about bank customers (databases).

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Q: Use of information technology in the banking sector?
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