Information Technology & Banks

How do banks benefit from Information engineering science? relys and fiscal institutions be relying increasingly on culture engine direction to support ontogeny and expansion into the global marketplace. The major technologies which argon used nowadays include Internet banking, brisk banking, remember banking, smart tease, honorable mention teases, and automated teller machines (ATM?s). These methods abide customers to carry out umteen routine transactions without handout into a branch. However, with all of the benefits that technology brings to the banking industry, it too brings increased risks and threats. some(prenominal) banks are faced with a growing concern over 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 these captain hackers. That is why banks should not only send in providing clean I.T. based services besides 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-in bank branches in Malta. They seem to be competing by fling new I.T. bank services.

For example Bank of Valletta started use mobile banking while HSBC are d ebut this service in March 2005. Mobile and ! wireless technology enable banks to suffer clients who demand real-time information and mobile payment availability 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 smart card because even though the latter has a magnetic cut and is also used as a form of... If you demand to get a full essay, entrap it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper