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Impact Of Technology On Financial Services
Essay specific features
Written by:
Mathew S
Date added:
July 31, 2010
Level:
University
Grade:
A
No of pages / words:
2 / 320
Was viewed:
9579 times
Rating of current essay:
Essay content:
The reliance on technology comes from the enablement, as a result of its use, to provide services and process tasks which would not otherwise be provided.
The financial service industry could not provide the level of service it does without the support of advanced information processing and telecommunication technologies...
displayed 300 characters
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The numbers of checks (over 37 billion annually), credit card drafts (over 3.5 billion annually), and securities trades (over 30 billion shares traded annually) would swamp any manual system that tried to handle them.
• The impact of technology, that is information technology on the financial services sector can be seen in areas such as
• On a wider view-------
Technology is influencing competition and the degree of contestability in banking and financial services...
displayed 300 characters
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