Use of computer in banking
Answers
Answer:
The term "PC banking" refers to the online access of banking information from a personal computer. ... PC banking enables an account holder to perform real-time account activities and effectively manage finances in a way that avoids the hassle of daytime bank visits and eliminates the postage required to pay bills by mail.Computers are used to control large and small machines which in the past were controlled by humans. They are also in homes, where they are used for things such as listening to music, reading the news, and writing. Modern computers are electronic computer hardware. Computers are used in so many fields in our daily life.In 1950, Bank of America started a project that would change banking around the world. It revolutionized the banking industry with the world's first computer used in banking. It was called ERMA, Electronic Recording Method of Accounting. Before computers, banks had to manually process paper checks.
Banks use a wide range of computers to carry out regular, day-to-day operations. Computers allow banking personnel to efficiently carry out transactions, process customer needs, forecast future trends, prepare internal and external reports, communicate with key participants and generate profits.
Answer:
In banking, activities start with banks automating customer accounts, which allows personnel to create, update and maintain customer records. ... Banking software performs customer transactions through a centralized data record system. Account management is the genesis and backbone of all banking information systems.
Banks use a wide range of computers to carry out regular, day-to-day operations. Computers allow banking personnel to efficiently carry out transactions, process customer needs, forecast future trends, prepare internal and external reports, communicate with key participants and generate profits