Question

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

Answer 1

Answer:

Explanation:

In traditional banking system bank operates only on a specified standard time, which was actually not very convenient for the general public. From the bank prospective also they have to employ many stations and human resources on counters to facilitate all the transactions required by customers.

Now banks are operating a network of automated teller machines or ATMs.

Typically an ATM can be used to  withdraw cash,check an account balance,order a statement or print a ‘mini statement’ and order a cheque book.

Secondly banks now facilitate with online banking accounts which can be used by customers for accessing their accounts anytime they want

Answer 2

Answer:

Following are the examples of ICT batch workload used by banks:

• Produce statements of accounts

• Treats received financial transactions of other banks

• Compute interests for saving accounts

• Achieve old documents

• Feed data warehouse platform

• Single action on elementary data

• Check account balance

• Super market payment with debit card

• Cash withdrawal on own/other ATM parks