Process Technology at Bank of America

In: Business and Management

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PROCESS TECHNOLOGY AT BANK OF AMERICA

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Introduction Numerous technological advancements have happened in the service sector over recent years. The 21st century has brought about a widely inclusive convergence of processing, correspondences, data and learning. Such drastically changes the way we live, work and think. The development of rapid systems, combined with the falling expense of computing force, is making conceivable applications undreamed of before. Voice, information, and images might now be exchanged around the world over in small scale seconds. This blast of technology is changing the banking industry from paper and branch banks to digitized and organized banking services. Information Technology has effectively changed the internal bookkeeping and administration frameworks of banks. It is presently in a general sense changing the conveyance frameworks banks use to collaborate with their customers (Brennan 2011). All over the world, banks are still attempting to locate a technological answer to meet the difficulties of a quickly evolving environment. It is clear that process technology is changing the banking industry for eternity. Banks with the capacity to invest and incorporate data technology will dominate in the very aggressive worldwide business sector. In this paper, I will critically talk about the advantages and disadvantages that process technology conveys to the operation function of Bank of America and its customers. Process Technology and Bank of America Transformation Computers are getting more advanced. They have given the Bank of America a…...

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