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IT has helped the banking industry to deal with the challenges of a diverse global economy

Financial institutions rely on gathering, processing, analyzing, and providing information in order to meet the needs of customers.

Given the importance of information in banking, it is not surprising that banks were among the earliest adopters of automated information processing technology. Technology has opened up new markets, new products, new services and efficient delivery channels for the banking industry. Online electronics banking, mobile banking and internet banking are just a few examples, which are completely driven by information technology services.

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