Question

write one use of IT in banks
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Answer 1

Answer:

Technology has opened up new markets, new products, new services and efficient delivery channels for the banking industry. Online electronics banking, mobile banking and internet banking are just a few examples. ... Many banks have modernised their services with the facilities of computer and electronic equipments.

Answer 2

Answer:

Customers benefits from ATM cards, cash deposit machines, online banking, mobile banking etc. With the help of technology, banks are able to reach out to more customers and provide better services to them. It helps banks function in an organized way, that means it is used in all the banks systems.