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The computer has impacted the finance industry in a number of ways, such as:
1. Streamlining work - There are many programmes available to banks that assist in processing transactions in a timely fashion, as opposed to a person having to do so manually; which would be time consuming
2. Accessibility of Information - Financial institutions often times need to do background checks on prospective clientele, and in the past information such as this would not be readily available. The computer allows for access to various databases that may provide information on these clients eg. credit check websites, so the institution would then be more easily able to gauge the risk of the client
3. Hightened Risk - Cyber crimes are a potential threat to financial institutions because of the now high dependence on computers. Experienced hackers can gain access to an institution's customer information, and could steal their identity or monies invested. s a result of this, financial institutions spend a lot of time and resources on protecting information stored on computers or online
What else can I help you with?
What is a good source for finding information in computer finance?
If one is looking for a job in the computer finance industry, speak to a guidance counselor at a local university or college. If one is seeking to finance a computer, stores that sell computers can help a person finance a purchase.
Computer application in finance and accounting?
Yes, computer applications are used greatly in the field of finance and accounting.
What is the prime industry of England?
banking & finance
What are the ways computer impacted the world in both the positive and negative aspect?
What are the ways computer impacted the world in both the positive and negative aspect?
How has the computer impacted society in negative way?
The computer has impacted society in negitive way baecuse people can hack on to your profile or computer, there are viresess on sites, inaccurate answers or data, and your computer might crash, too.
Did agriculture Revolution affect industry?
There have been several agricultural revolutions. The introduction of machinery certainly impacted industry.
How has computer technology impacted learning?
no it rots your brain ):
What other processes have impacted the metal can industry?
Foremost among these is the rise of PET plastic bottles in the soft drink industry.
Which industry most impacted Atlantas growth and development in the 1960s and 1970s?
transportation
Which industry most impacted Atlanta's growth and development in the 1960s and 1970s?
transportation
What invention has impacted business the most?
the personal computer/workstation
How is finance different from other departments?
Finance is the blood of the organisation & without proper arrangement in finance department no other department function properly. Thus finance is the base of any organisation to run the industry
