Computer Application in Banking
Introduction Today’s world has been changed by the rapid use of ICT. The most important components of this revolutionary change are computer and network system. With the growing development of computer system many new systems have been introduced. Business world has also been improved by this computer and its various applications. There is no sphere of business where the application of computer has not been applied.
In many ways, e-banking is not unlike traditional payment, inquiry, and information processing systems, differing only in that it utilizes a different delivery channel. Any decision to adopt e-banking is normally influenced by a number of factors. These include customer service enhancement and competitive costs, all of which motivate banks to assess their electronic commerce strategies. The benefits of e-banking are widely known and will only be summarized briefly in this document.
E-banking can improve a bank’s efficiency and competitiveness, so that existing and potential customers can benefit from a greater degree of convenience in effecting transactions. This increased level of convenience offered by the bank, when combined with new services, can expand the bank’s target customers beyond those in traditional markets. Consequently, financial institutions are therefore becoming more aggressive in adopting electronic banking capabilities that include sophisticated marketing systems, remote-banking capabilities, and stored value programs. Internationally, familiar examples include telephone banking, automated teller networks, and automated clearinghouse systems. Such technological advances have brought greater sophistication to all users, commercial and “the man in the street”.
Methodology and Limitation
Methodology
The study is descriptive in nature. Data used in this study are basically from secondary sources. Primary data cannot be collected because of many constraints. Secondary data derive from various sources
In many ways, e-banking is not unlike traditional payment, inquiry, and information processing systems, differing only in that it utilizes a different delivery channel. Any decision to adopt e-banking is normally influenced by a number of factors. These include customer service enhancement and competitive costs, all of which motivate banks to assess their electronic commerce strategies. The benefits of e-banking are widely known and will only be summarized briefly in this document.
E-banking can improve a bank’s efficiency and competitiveness, so that existing and potential customers can benefit from a greater degree of convenience in effecting transactions. This increased level of convenience offered by the bank, when combined with new services, can expand the bank’s target customers beyond those in traditional markets. Consequently, financial institutions are therefore becoming more aggressive in adopting electronic banking capabilities that include sophisticated marketing systems, remote-banking capabilities, and stored value programs. Internationally, familiar examples include telephone banking, automated teller networks, and automated clearinghouse systems. Such technological advances have brought greater sophistication to all users, commercial and “the man in the street”.
Methodology and Limitation
Methodology
The study is descriptive in nature. Data used in this study are basically from secondary sources. Primary data cannot be collected because of many constraints. Secondary data derive from various sources
References: Journal: COMPUTER TECHNOLOGIES USED IN BUSINESS AND SKILLS REQUIRED IN THE WORKPLACE By Dr. Diane C. Davis, Professor APPLICATION OF ELECTRONIC BANKING IN BANGLADESH : AN OVERVIEW By Syeedul Al-Amin*1 and Sk. Saifur Rahman Website: www.wikipedia.org