How computer is used in the banking?

Answer 1

Computers are used in banking in the way that they make it possible to accurately manage a very large number of accounts, analyze profits and losses, analyze risk, and perform a very wide variety of calculations. Computers make it possible for basically everyone with a laptop and an internet connection to own and trade stock and to manage their accounts from home or even their phone. Computers have made it possible to receive and perform real time trades and calculations. A good example of this is the stock market. Wall Street would not be what it is today without computers. Computers have increased productivity and the amount of customers a bank is able to handle. Basically everything such as account management, risk management, fraud prevention, security systems, risk assessment, transaction tracking, and electronic funds transfers are all made possible or more efficient and faster in one way or another by computers.