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too much impacts
Nowadays, technology impact our lives constantly. We daily use mobile phones, computers, televisions, withdraw money from an ATM, some people use online banking, the list goes on and on.
Banking technology is software and technology used within the banking industry. The right technology and software can create a competitive advantage for some banks.
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The impact of computers in the banking sector cannot be understated. Computers have transformed every aspect of the banking industry
Indian banking industry, today is in the midst of an IT revolution. A combination of regulatory and competitive reasons have led to increasing importance of total banking automation in the Indian Banking Industry.Information Technology has basically been used under two different avenues in Banking. One is Communication and Connectivity and other is Business Process Reengineering. Information technology enables sophisticated product development, better market infrastructure, implementation of reliable techniques for control of risks and helps the financial intermediaries to reach geographically distant and diversified markets. By Guruprasad. HibareBijapur
Modern banking system has been able to incorporate technology into the banking industry. This is what has made online and mobile banking possible.
Technology for BFSI sector in 2010 will be:VirtualizationCloud computingBlade ServersUnified communicationGreen Technology
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Stifel
Technology plays an unavoidable part in modern banking. Online baking, ATM and wire transfer are excellent examples of banking of 21st century and technology is the soul of all these phenomenons.