answersLogoWhite

0


Best Answer

Banking would be a dangerous field to work in without Computers, people would go to the bank carrying large sums of money early in the morning and leave the Bank the following morning just to finish counting the money manually usually getting blisters after that, but computers have made it all easier, on the operation research side, it has proved so effective that one can simply walk to the ATM and withdraw the money, without necessarily waiting in a long cue to get served by the teller, getting around clients details is far much more improved than ever before so is the generating of clients statement.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

11y ago

I want to tell you that now a days mainly in Banks all the transactions is done by Computer network and this is called a special word CBS (Core banking solution) Which mean every branch of a Bank which has facility of CBS do their whole work with the help of Computer.

All the transaction are done by internet or intranet between banks. And banks use special software not sure about that but it is Oracle made which do all the work instead of keeping record in paper register.

This answer is:
User Avatar

User Avatar

Wiki User

9y ago

In money and banking the computer is useful for online shopping, paying bills, accessing your bank account and getting online statements, and much more.

This answer is:
User Avatar

User Avatar

Wiki User

9y ago

The effect of computer in money and banking is seen in the implementation of technology. This has revamped the banking sector by introducing mobile and internet banking.

This answer is:
User Avatar

User Avatar

Wiki User

13y ago

Computers are used to keep track of chequing and savings accounts, transaction history, and other banking data.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the role of the computer in banking system?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Whats the role of computer in banking system?

additional infornation


What are the role of computer in banking system?

plz give me a answer why banks are recruits it people


What purpose you used computer in banking system?

purpose of internet banking


What role do people play in a computer system?

computer play a vital Role in a Day to Day life, what is the Advantage and Disadvantage of Computer?and what are the role that computer play in day to day activities?


What are the role of computer in improving banking operation in Nigeria?

data base programming,Nigeria,C++ Programming


Banking system whose duties include a watchdog role in regulation of banks?

federal reserve


What is the method using banking to input data into a computer system?

What is bank data input


What is armchair banking?

Armchair Banking is the management of your bank account or accounts using a computer, telephone, or television in your home or via the postal system.


What is the role of a keyboard in a computer system?

It is an input device.


What role does the memory play in the functioning of a computer system?

it is used by computer to store contents


What role bios plays in the computer?

It boots up the system.


How Banking system in a sentence?

1. The whole banking system was thrown into confusion. 2. The more complex the banking system, the more difficult it is to do this. 3. A sound banking system matched to new banking needs. 4. The international banking system began to crack. 5. The regulatory structure for the banking system is almost entirely pro-cyclical.