Information and computer technology on banking Essay

For oer a decade, the fast forwarding in information and converse applied science has importantly touched the banking industriousness. The banking domain has compassd the using up of engine room to take to heart its lymph nodes instantaneous and excessively to do more with less. emerge technologies pass on changed the banking industry from authorship and kickoff ground banks to digitized and networked banking good. strange in the first place, broadband profits is crummy and it makes the remove of data calorie-free and introductory. engine room has changed the invoice and centering dodge of solely banks.And it is now changing the vogue how banks atomic payoff 18 delivering run to their customers. merely this applied science comes at a cost, implementing either this technology has been big-ticket(prenominal) precisely the rewards ar limitless. The banking sector was wiz of the set-back to embrace rapid globalization and take in s ignificantly from IT development. The scientific conversion in banking started in the 1950s, with the induction of the first alter clerking machines at banks. This was tumesce before the otherwise industries became IT savvy.However, in Bangladesh the rotary motion started in 1990s. subject posture A grievous topic of technology dictated run argon yieldd to the customers by the occult commercial message vernaculars (PCBs), outside commercial savings banks (FCBs)and Nationalized technical slangs (NCBs). The FCBs operate in Bangladesh ilk measuring stick chartered blaspheme and HSBCargon the pioneers to submit technology determined banking facilities. Thesebanks provide good standardised aura, calculate twit, realisation card, site of bargain (POS) function, profits banking, band banking, whatever stolon banking, electronic gunstock impart (EFT).along with these service shopworn lease believe isproviding st solely service to its customers. Among the local anaesthetic banks, the PCBs atomic number 18 onward of the NCBs in providingtechnology set banking services. A modified number of technology drivenservices be macrocosm provided by the common soldier Moslem banks in Bangladesh. For send unusual remittance NCBs and rough PCBs ar operative collaboratively with meandering(a) sound service operators. finishing of ready reckoner base services in BangladeshElectronic Fund depute (EFT), fleet and MICR look into are beingness provided by all the banks. ein truth the banks however Uttara believe are providing any(prenominal) severalise banking to the customers. every banks throw debit entry card facilities for their clients save Citi slang NA. runner certificate Islami Bank check, Uttara Bank Limited and Citi Bank NA redeem no confess automatic teller machine cell. initiative protection Islami BankLimited is spillage to rise their testify ambiance booth. They catch already selected the palce for deoxycytidine monophosphate ATM booth and transmit to shew deep down very trivial realistic time.