Discuss the role of Information technology and its significance in International finance.
Answers
When you look at financial services currently, they are all molded based on creating a faster, more efficient service for customers which focusses towards more mobile-based quicker options. Since cloud-based technology information is so often used, the importance of information technology is incredibly vital.
When looking at information technology you must look at the entire global financial systems in place which allow this type of technology to thrive and function at an entire global level. The role of information technology in finance allows financial institutions to constantly attain new info at the same rate as their competition. The impact of information technology on financial services also allows customers to be able to easily complete online transactions, which creates a better convince in finance, allowing for the development of information technology and initially create a more fast and efficient service. Financial reporting is also an industry within information technology that has greatly impacted the financial service industry. The growing modernizations that are surrounded around information technology have greatly enhanced the way we use financial reports