Question

Explain with two (2) examples of how banks use ICT transactional workload type

Answer 1

Answer:

Banks use mainframe computer to maintain their costume accounts by dealing with transaction generated as a result of withdrawals and deposits.

It also operates a network of automated teller machine or ATMs

Answer 2

ICT transactional workload is used in banks for the automated teller machines. The automated teller machines are used for withdrawing cash, check an account balance, order a statement or print a ‘mini statement’ or for ordering a cheque-book. The banks make use of mainframe computers and cloud technologies for managing customer accounts.

Explanation:

• It is a system in the form of computer processing in which the computer responds immediately to user requests. Every request is registered to be a transaction which are done through the 'automatic teller machines' for banks for transaction processing.
• A bank may use a batch workload when calculating interest earned on a customer’s savings account, which may be done at the beginning of every month along with all other savings accounts or a loan taken by the customer
• These are the automation of business processes such as billing and order processing with the increasing use of electronic commerce that manages various transactional workloads across partners and suppliers, where the workloads must be managed across various partners’ computing environments.

To know more about computer processing

What are Automated teller machines?

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