Question

explain the utilities of computers in online banking and finance in 300 words​

Answer 1

Explanation:

${\huge\fbox\pink{A}\fbox\blue{N}\fbox\purple{S}\fbox\green{W}\fbox\red{E}\fbox\orange{R}}$

In banks, computers are used for keeping account information of customer accounts. Banks use technology to carry out payments effectively and successfully. Computers help bankers keep a record of and verify financial records much quicker.

Computers allow banks to provide ATM services, online banking, speedier transactions and accurate tracking and verification of funds. They also make banking institutions more secure through enhanced security and surveillance setups.

Online banking allows a user to conduct financial transactions via the Internet. Online banking is also known as Internet banking or web banking. Online banking offers customers almost every service traditionally available through a local branch including deposits, transfers, and online bill payments.

Electronic banking is a broad term or category which includes various forms of banking services and transactions performed through electronic means such as internet banking, mobile banking, telebanking, ATMs, debit cards, and credit cards.

Answer 2

In banks, computers are used for keeping account information of customer accounts. Banks use technology to carry out payments effectively and successfully. Computers help bankers keep a record of and verify financial records much quicker.