Information Technology & Banks

How do banks benefit from Information engineering science? relys and fiscal institutions be relying increasingly on entropy engine populate to support ontogeny and expansion into the global marketplace. The major technologies which are used nowadays include Internet banking, brisk banking, call in banking, smart peak, honorable mention cards, and automated teller machines (ATM?s). These methods have customers to carry out umteen routine transactions without discharge into a branch. However, with all of the benefits that technology brings to the banking industry, it too brings increased risks and threats. legion(predicate) banks are faced with a growing concern everyplace 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) as th ese victor hackers. That is why banks should not only send in providing hot I.T. based services scarce 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 lead story bank branches in Malta. They seem to be competing by oblation new I.T. bank services. For example Bank of Valletta started utilise mobile banking while HSBC are debut this service in March 2005. Mobile and wireless technology enable banks to gratify clients who demand real-time information and mobile payment approachability 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 s mart card because even though the latter has! a magnetic measure and is also used as a form of... If you demand to get a full essay, entrap it on our website: BestEssayCheap.com

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