What are the uses of computer in the banking sector?

Answer 1

A lot of Information Technology is used in banking. In larger banks all branches are connected via networks to a bank's "data center" Data centers are where the mainframe and servers are housed for the bank. Also all ATM Machines are connected to the data center in the same way. Most people working for a bank have a computer (Branches and back office departments), which all need upgraded from time to time plus they need new software installed to fit the user's needs. Also with large banks they usually have a call center (or multiple call centers) which are all interconnected and work together to serve the customer's needs (Using Telephony and other networks) I hope this helps

Answer 2

Besides data entry, storing customer databases, providing stock trade links, and providing web services, some banking institutions perform High-Frequency Trades to skim money off normal trading using powerful computers and fast connections.

Answer 3

Computerization has been a revolutionized the banking industry. The advent of the usage of computers has enormously increased the banking capabilities of the banks and they are able to offer better and wider range of services to their customers. internet banking, mobile banking, ATMs etc. are all the fruits of computerization of the banking industry. Banks are able to expand at a great rate and offer services to more and more customers because of the use of computers.

Answer 4

Banks use the information systems to transfer information better their multiple branches. Information systems also help banks in making decisions while giving out loans and credit cards.