This document discusses the role of technology in modern banking. It outlines how banks first started using computers in the 1980s and now offer a variety of online and mobile banking services using technology, including core banking, net banking, and mobile banking. Technology allows banks to provide better customer service in a more secure, reliable, and cost-effective way. While technology has improved banking, it also introduces some disadvantages like a learning curve for customers and potential security risks if transactions are not properly secured online.

1. TOPIC: ROLE OF TECHNOLOGY IN MODERN
BANKING
Presented by
Prittam Kumar Kanhar

2. CONTENTS
INTRODUCTION
HISTORY
COMPUTERS IN BANKS
TYPES OF BANKING
SERVICES
ADVANTAFES
DISADVANTAGES
SECURITY
RECRUITMENT
CONCLUSION

3. • Technology has been a boon to many industries and
especially to the banking industries.
• Banking is one of the oldest business in all over the
world.
• Now a days this computer science enables banks to
offer better services to the customer in a secure,
reliable and affordable manner.
• With the help of technology, it helps them to function
in an organized or secured way.

4. HISTORY
The first computer uses Information technology in
1981 in New York when four of major cities bank:
• Citibank
• Chase Manhattan
• Chemical
• Manufactures Hanover
Offered home banking services using internet

5. COMPUTER
IN BANKS
Banks uses computers
to provide online
services to customers
and to answer other
queries regarding their
bank balance etc. To
handle cash, bank use
cash dispensing
machines.

6. • Core Banking
• Net Banking
• Mobile banking and
many more.

7. Core Banking
Core banking is a banking service provided
by a group of networked bank branches
where customers may access their bank
account and perform basic transactions from
any of the member branch offices.

8. Online banking also known as internet banking. E-
banking or virtual banking, is an electronic payment
system that enables customers of a bank or other
financial institution to conduct a range of financial
transactions through the financial institution’s
website.

9. Mobile banking refers to the use of a smartphone or
other cellular device to perform online banking tasks
while away from your home computer, such as
monitoring account balances, transferring funds
between accounts, bill payment and locating an
ATM.

11. Advantages of E-banking
• Cost less
• Transaction speed
• Efficiency
• Speed Banking
• Vast Coverage

12. Disadvantages
• A need for customer skill to deal with computers
and browsers
• Many people who are not comfortable with
computers and the Internet, often find it difficult to
use internet banking
• For beginners, internet banking is really time
consuming
• In many instances, a simple mistake, like clicking a
wrong button may create a big problem

13. “How can I be certain
that my personal
information is not altered
by online eavesdroppers
when they enter into a
secure transaction on the
Web?”
“How can I be certain
that my customer’s
account number
information is not
accessible to online
eavesdroppers when
they enter into a secure
transaction on the
Web?”

15. CONCLUSION
Emerging technologies have changed the banking industry from paper and
branch based banks to digitized and networked banking services.
The main aim of banking in IT is to making transactions through online poses
and make customer more beneficial.
Therefore we reach the conclusion is that “Technology has played a vital role
in banking industry for speed transaction and provide online services.”