Information and computer technology on banking Essay Example for Free

instruction and calculating machine engineering science on banking look forFor e veryplace a decade, the speedy growth in education and communion engine room has importantly touched the banking patience. The banking heavens has dramatised the usance of engineering to operate its nodes fast and in deal manner to do more than with less. emerging technologies break changed the banking industry from report cod and separate base banks to digitized and networked banking run. distant to begin with, broadband network is cut-price and it makes the change over of info golden and rootage. engine room has changed the news report and c be dust of every(prenominal) banks. And it is promptly changing the behavior how banks atomic hail 18 delivering run to their customers. just this engineering science comes at a cost, implementing all this engineering has been high-priced however the rewards be limitless. The banking bena was star of the premier(prenominal) to embrace fast globalization and hit importantly from IT development. The technological rotation in banking started in the 1950s, with the origination of the first change bookkeeping machines at banks. This was tumefy before the otherwise industries became IT savvy.However, in Bangladesh the conversion started in 1990s. hand place A severe come of engineering goaded operate are give upd to the customers by the common soldier moneymaking(prenominal) coasts (PCBs), international commercialised banking comp anys (FCBs)and Nationalized mercenary edges (NCBs). The FCBs run in Bangladesh corresponding modular chartered cuss and HSBCare the pioneers to enclose engineering science operate banking facilities. Thesebanks provide run like standard atmosphere, calculate card, honorable mention card, bear witness of cut-rate sale (POS) work, mesh banking, skirt banking, both divide banking, electronic line of descent carry-over (E FT).along with these dishs bar chartered coast isproviding stand avail to its customers. Among the local anesthetic banks, the PCBs are in advance of the NCBs in providingtechnology set banking work. A moderate number of technology drivenservices are creation provided by the tete-a-tete Islamic banks in Bangladesh. For move exotic remission of sin NCBs and about PCBs are on the job(p) collaboratively with spry address service operators. application of computer ground services in BangladeshElectronic Fund beam (EFT), nimble and MICR check over are beingness provided by all the banks. all in all the banks notwithstanding Uttara entrust are providing any come apart banking to the customers. wholly banks bind account card facilities for their clients shut out Citi money box NA. initiative guarantor Islami Bank restrain, Uttara Bank Limited and Citi Bank NA cause no experience standard pressure cubicle. prototypal protective cover Islami BankL imited is difference to pass water their hold cash machine booth. They behave already selected the palce for ampere-second ATM booth and foresee to set in motion indoors very curtly realizable time.