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In investment banking, TMT generally stands for the Technology, Media and Telecommunications sector.
too much impacts
Technological advancement in the banking sector increases the productivity and security in this industry. New technology like online banking, mobile banking, telebanking, ATM/Debit card and credit card has led to the advancements in the payments and settlement systems. Even nowadays banking companies like SBI, ICICI, Axis bank and more are launching their apps for easy usage. For more information visit our website TECHSAGA.
Technology for BFSI sector in 2010 will be:VirtualizationCloud computingBlade ServersUnified communicationGreen Technology
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!
7ps of banking sector
What are the contributions of an economist in the banking sector?
Information technology(IT) sector is the firm which uses computers, advanced technology to transmit, develop and manipulate, and to store useful data.
The banking sector is essentially where all the money in the world is at. To join the banking sector marks the start of a lucrative career.
In today's world banking sector is inseparable from information technology. IT play important role in banking and financial institutions. It helps with better market infrastructure, a tool to analyze and control risk, and more. It also helps banks and financial institutes to reach geographically distant and diversified markets. Information Technology helps banks by increasing productivity, better market infrastructure, controlling risk, and more. For more information visit our website Techsaga.
Role of Information Technology in Insurance Sector
roles of accountant in a banking sector