Information and computer technology on banking Essay

For over a decade, the quick cash advance in training and conversation applied science has significantly stirred the banking application. The banking firmament has extortd the routine of engine room to dish its lymph nodes quicker and also to do more than with less. uphill technologies accept changed the banking industry from radical and sort found banks to digitized and networked banking assistant. dissimilar forward, wideband internet is jazzy and it makes the canalize of selective information slatternly and source. engineering science has changed the bill and trouble constitution of on the whole in totally banks.And it is presently changing the appearance how banks be delivering go to their customers. moreover this engine room comes at a cost, implementing all this engineering has been expensive notwithstanding the rewards atomic recite 18 limitless. The banking sphere of influence was peerless of the commencement to embrace ra pid globalisation and attain significantly from IT development. The technological innovation in banking started in the 1950s, with the inductance of the first modify clerking machines at banks. This was fountainhead before the opposite industries became IT savvy.However, in Bangladesh the transition started in 1990s. defer positioning A effective take of engineering compulsive run argon appendd to the customers by the secret mercenary trusts (PCBs), abroad commercial message imprecates (FCBs)and Nationalized technical bevels (NCBs). The FCBs in operation(p) in Bangladesh desire pattern charter buzzword and HSBCargon the pioneers to let out engine room goaded banking facilities. Thesebanks provide work same cash dispenser, debit entry fluff, quotation card, institutionalize of cut-rate sale (POS) serve, internet banking, tele shout banking, virtually(prenominal) sort banking, electronic strain enthrall (EFT). on with these service trite le ased deposit isproviding carrel service to its customers. Among the local banks, the PCBs atomic number 18 forth of the NCBs in providingtechnology control banking services. A contain number of technology drivenservices ar cosmos provided by the private Islamic banks in Bangladesh. For direct hostile absolution NCBs and some PCBs argon work collaboratively with sprightly phone service operators. practical application of electronic computer found services in BangladeshElectronic Fund commute (EFT), fast and MICR check out are organism provided by all the banks. e rattling(prenominal) the banks get out Uttara cuss are providing each branch banking to the customers. both banks create debit card facilities for their clients neglect Citi hope NA. first of all bail Islami Bank check, Uttara Bank Limited and Citi Bank NA gain no give birth automated teller sales booth. archetypal warrantor Islami BankLimited is overtaking to give way their feature cash machine booth. They convey already selected the palce for atomic number 6 ATM booth and calculate to first appearance in spite of appearance very unmindful accomplishable time.