New Technology in Banking Sector

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New Technology in Banking Sector

New Technology in Banking Sector

Information technology refers to the acquisition, processing, storage and dissemination of all types of information using computer technology and telecommunication systems. Technology includes all maters concerned with the furtherance of computer science and technology and with the design, development, installation and implementation of information system and applications. Information technology architecture is an integrated framework for acquiring and evolving IT to achieve strategic goals. It has both logical and technical components. Computer hardware and software, voice, data, network, satellite, other telecommunications technologies, multimedia are application development tools. These technologies are used for the input, storage, processing and communication of information.