Why we use computer in banking
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Answer:
To store the data, informations and details
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Use of computers in banking
Explanation:
Banking is a very tedious and hectic process. It involves recording various transactions which are hefty amounts of money.
- Computers in banks make the entire process of recording the transaction is very easy.
- Computers are also used to store the information of the bank customers which increases the security of banks and allows banks to give more services such as loans, FD, etc.
- Computers also improve the time factor in banks. Doing all the tasks manually can take a lot of time as it involves a lot of calculation. Computers can reduce this time by providing mechanical solutions which are also correct.
- Computers reduce the chances of errors and mistakes in bank calculations.
- Computers are also used for additional facilities such as online banking, mobile banking is, etc.
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