banking technology” refers to the use of sophisticated information and communication. technologies together with computer science to enable banks to offer better services to its. customers in a secure, reliable, and affordable manner, and sustain competitive advantage over. other banks.
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.
Colleges and Universities Offering Diploma in Banking Technology and Accounting in Ghana:
KUMASI TECHNICAL UNIVERSITY
ACCRA TECHNICAL UNIVERSITY
STU
ENTRY REQUIREMENTS
Four (4) SSSCE/WASSCE passes including English Language and Mathematics.
What is the technology used in banking?
Blockchain technology is set to fundamentally transform banking and financial services as it decentralizes financial management from a central authority to a prevalent network of computers.
Banks and other financial institutions that deploy blockchain technologies into their strategies reduce their costs significantly.
Which computer technology is used in banks?
Mainframe computers that are used in banking institutions store data pertaining to client records, domestic operations and other vital processing information.
A large bank with numerous branches may have a mainframe computer in its central headquarters and linking terminals located in each of its branches.
Why is technology important in banking?
Information Technology enables sophisticated product development, better market infrastructure, implementation of reliable techniques for control of risks, and helps the financial intermediaries to reach geographically distant and diversified markets.
The Internet has significantly influenced delivery channels of the banks.