Friday, November 11, 2016

                          Use of Computer in Banking

The computers have taken over most of the world. As predicted by Economists, all the Routine  manual and Routine Cognitive  are being removed. The main reason for this to happen is the development of technology which in turn is also making dependent on Technology. Just like the fields in the world, computer Science is the also a very essential part of Banking.

  What is role of computer in Banking?

The role that computer science plays in Banking are 
- It makes sure that no money is being misplaced or lost in transaction.
- It has  a fixed place where all the data and information about the transactions and the people involved in the transactions  is storage.
- the computer helps to store more information than an entire library of books and files would have been able to store.
-With the improvement in computer a whole new kind of Banking has opened up that is completely web based. It helps you to conduct all your economic transactions sitting on the computer.
- It has made the informations  about the bank for all the people more accessible.
- It has  made it easier for the banks be in touch with the other branches of the bank.

Computers are essential for the Smooth function of the  banking because computers are found at every stage of Banking. The smooth functioning of Banking depends on the smooth function of the ATM,  the bank computer that authorizes money withdrawal, Direct Deposit depends on computerized transactions, use of the Scanner which makes transactions so much more secured, and many more just technological tools to make it easier for the Bankers
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