Information Technology & Banks

How do banks benefit from Information engineering science? relys and pecuniary institutions be relying increasingly on entropy engine agency to support ontogeny and expansion into the global marketplace. The major technologies which atomic number 18 used nowadays include Internet banking, brisk banking, promise banking, smart tease, honorable mention eyeshades, and automated teller machines (ATM?s). These methods take on customers to carry out umteen routine transactions without spillage into a branch. However, with all of the benefits that technology brings to the banking industry, it too brings increased risks and threats. umpteen banks are faced with a growing concern oer the impact of dissatisfied employees, unauthorised users, industrial spies and hackers exploiting and compromising their information brasss and networks. As technology becomes to a greater extent sophisticated, so do those who would like to enter the world of information, much(prenominal) a s these master key hackers. That is why banks should not only send in providing recent I.T. based services simply they should also invest in a good security system to protect themselves and their customers against viruses, spyware, keystroke loggers and eavesdropping programs.(Jordan,2005)Information technology does not always mean less costs for banks to operate, but it has become a necessity in today?s competitive market. This showed very clearly when visit both the steer bank branches in Malta. They seem to be competing by fling new I.T. bank services.

For example Bank of Valletta started using mobile bankin g while HSBC are debut this service in Marc! h 2005. Mobile and wireless technology enable banks to pander clients who demand real-time information and mobile payment availability for example buying top-up cards for your mobileSmart cards and credit cards are another two electronic forms of payment offered by banks. The actual smart card differs from the student smart card because even though the latter has a magnetic striation and is also used as a form of... If you unavoidableness to get a full essay, entrap it on our website: BestEssayCheap.com

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