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state three relevance itc in banking sector

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What are the implications of ict on the banking sector?

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ICT banking, or Information and Communication Technology banking, is crucial as it enhances the efficiency and accessibility of financial services. It allows for real-time transactions, better data management, and improved customer experiences through online banking and mobile apps. By leveraging ICT, banks can reduce operational costs, mitigate risks, and offer innovative products tailored to customer needs. Ultimately, ICT banking fosters financial inclusion, enabling a broader population to access banking services easily.


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The impact of computers in the banking sector cannot be understated. Computers have transformed every aspect of the banking industry

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