INTRODUCTION
IT has evolved banking a lot recently. Now banking has become computerized and digitized. It has become faster, easier and widespread. Now almost any thing can be done online. If we go 10 years back, we will find a lot of change in banking style. Now we will see how exactly banking has changed and how IT has evolved banking.
If we rewind to 10 years back, we used to use ledger books to record financial transactions, banking was completely paper based, and the records were kept in the customer books. It was very hard, if one wanted to see his/her previous records, the bankers had to search for the related files among the huge piles of ledgers which was time consuming and errors were also possible. They used databases to keep complete record and information of their customers so that it becomes easier to deal with them. It has all the records of transactions made by their customers. Calculations were being done by the bankers which did have chances of mistakes. Calculations have become fast due to pre defined programs.
When the IT has been introduced every thing is computerized, and digitized. There are many soft wares used in banking in order to get the work done more efficiently and have very less chances of errors and repetitions. Oracle is computer language which is being used by the different banks including Askari bank. It is the best complex computer language. It is being used by the bankers for keeping internal information. Oracle has introduced a software flex cube which is used for financial system support.
Now if we come to customer’s convenience different banks have introduced ATM’s at different places so that people can easily do their transactions, pay their utilities bills easily from anywhere at any time.
If we look at 10 ...