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In banks their mostly using their desktops (computers) because that's basically what all their work is being done on and how they manage your banking account, also how they maintain their data and the productivity system.
Wiki User
∙ 12y ago
Wiki User
∙ 13y agoThere are two systems generally used the Online real time system and the offline system.The offline system works whenever we deposit money at a bank.Hence our balance increases only at the end of the working day and not before.It is cheaper than the online version.The online version is used for making withdrawals where in the update of a withdrawal is directly sent to the main server as the transaction is processed and your account balance lessens at that point. Otherwise you could overdraw your a/c by 100 times and the bank would only be notified the next day !!!
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What is modern banking system?
Modern banking system has been able to incorporate technology into the banking industry. This is what has made online and mobile banking possible.
Changing in banking era?
As a result of the ever changing technology there has been tremendous changes in the banking era.
What is the role of technology upgradation in banks?
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.
What is the importance of technology in the banking sector?
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.
Which information technology is uses in banking sector and why?
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.
What is banking technology?
Banking technology is software and technology used within the banking industry. The right technology and software can create a competitive advantage for some banks.
What kind of security does NAB Internet Banking give?
NAB Internet Banking uses 128-bit SSL encryption technology. This is the current security standard utilized by most banks in connection with their internet banking customers.
Use of information technology in the banking sector?
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!
What is modern banking system?
Modern banking system has been able to incorporate technology into the banking industry. This is what has made online and mobile banking possible.
Banking technology for 2010?
Technology for BFSI sector in 2010 will be:VirtualizationCloud computingBlade ServersUnified communicationGreen Technology
What kind of technology is being used today?
radiation
Who is the best technology investment banking firm?
Stifel
What is the role of technology upgradation in banks?
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.
Changing in banking era?
As a result of the ever changing technology there has been tremendous changes in the banking era.
What kind of technology is used in a weather instrument?
nuclear energy
What is tmt sector in investment banking?
In investment banking, TMT generally stands for the Technology, Media and Telecommunications sector.
Impact of technology on banking sector?
too much impacts
