Use of technology in banking
USE OF TECHNOLOGY IN BANKING All over the world banks are still struggling to find a technological solution to face the challenges of quickly changing environment of ICT. The new technological changes that have brought to banking sector are huge in their impact on officers, employees, and customers of banks. ICT has increased the extent of competition between the banks and made them to integrate the new technologies to compete and satisfy their customers. Technology was played a significant role in the development of the banking sector over the years. ATM cards, smart cards, Internet and mobile banking have changed the banking system widely. ATM stands for automatic teller machine. Typically, ATM is used to withdraw cash, deposit cash, transfer cash, pay bills and check account balance. ATMs are one of the most significant developments in technology because they give greater access for customers to their cash. These cash machines are available 24...