In today's world, banking without technology is quite unimaginable. All activities ranging from day to day cash transactions, posting, remittances are done through the use of computer related web. Even a service brake down for few minutes will put the whole system in jeopardy. With technological advancement, the banks are offering services that were not within the reach of man's imagination even 25 year's back. It is expected that the paper check has started becoming obsolete in western countries, giving place to net banking.
philippine banking today
Modern banking system has been able to incorporate technology into the banking industry. This is what has made online and mobile banking possible.
As a result of the ever changing technology there has been tremendous changes in the banking era.
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.
Technology has been a boon to many industries and especially to the banking industry. With the help of technology banks are able to reach out to more customers and provide better services to them. Also, it helps them function in an organized and secure way. As for us (the customers) we have ATMs, Cash deposit machines, online banking, phone banking etc which are all fruits of technological advances which have made our banking experience much easier. Imagine having to run to the bank everytime you wanted to check your balance or make a deposit or withdrawal.
Banking technology is software and technology used within the banking industry. The right technology and software can create a competitive advantage for some banks.
Blood banking is still used today for people that have lost blood.
banking
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
philippine banking today
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!
radiation
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
Stifel
As a result of the ever changing technology there has been tremendous changes in the banking era.
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.