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What is the role of Information Technology in banking?
Irechukwu‟ (2000), itemized banking services that have been changed via the use of information technology as including opening an account, mandate on customers account, and transaction processing and recording.
How are computers used in the banking industry?
In the banking sector, financial institutions use computers in their day to day operations in order to provide quality of service to their customers via the use of modern day technology.
Why are banks important in the banking industry?
In addition, technological advancements are helping banks develop their service strat- egies being offered to individual as well as commercial customers. Moreover, banks offering quality services own a distinctive marketing edge because enhanced quality service is associated with higher revenue, customer retention and higher cross-sell
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Last Update: Oct 2021
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