Question

How are computers helpful in banks short answer?

Answer 1

Any neighborhood bank offers a variety of services, including access to your personal and business account information, advice on investments, funds withdrawals from either a live or automated teller, and funds transfers completed over the Internet. Computers support all these functions and services, and it takes different types of computers to make it all happen seamlessly.

Your bank's workhorse is the mainframe. It's the backbone of any bank's operations because it performs all the following, simultaneously:

Houses all customer account dataPerforms complex analysis of constantly changing financial marketsKeeps track of all the bank's product offerings and their associated interest rates and earningsCommunicates with other mainframes at branch locations around the world