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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. 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...
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Common topics in this essay:
- Changes in the Global Economy
- Global Economy
- If You Were James Gorman, The New Head Of Global Wealth Management, What Information Systems Would You Invest In? Why? Do You Think Morgan Stanley’S Plans For An Integrated Client Information System Are Worthwhile?
- Impact Of The Global Financial Crisis On Indian Economy
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- Resources, Competitive Advantage and Internationalisation Strategies of Global Firms
- The Global Economy
- The Impact of Information Technology on Organisations
- Communications Technology: Global Information Infrastructure
- Global Economy
- he Impact of Today's Technology on Banking
- IHG - Using Technology as a Competitive Advantage
- Impact Of Technology On Financial Services
- Information Technology has the potential to change societal structure and processes similar in scale to that of both the Agricultural Revolution and the Industrial Revolution. On this basis governments should ensure provision of Information Techno...
- Using PEST analysis in Singapore to look at how the Political, Economics, Social and Technology changes are impact the needs of Information Technology.
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