How Digital Bangladesh Must Be Jointly With A Coherent Manner For Developing Banking Sector Essay

• Meet regularly with other departments’ heads- Sales- HR-Accounting-Marketing-Customer Service-Institutional trading-R&A-Client Services to communicate IT strategies and projects. Gather feedback from other departments regarding current needs. Be sure that all departments are aware of an IT strategy and that all future projects and initiatives must fall within this strategy.

Information Technology (IT): The hardware and software technologies a firm needs to achieve its business objectives (Kenneth C Laudon and Jane P Laudon., 2010).

When Bangladesh came into existence on the 16th December, 1971, the banking sector of Bangladesh was in a total disarray. With the exception of two local banks incorporated in then East Pakistan, all the bigger local banks became inoperational.. Starting with such a humble  condition, the Banking Sector of Bangladesh has grown to a

Janata Bank promote broad-based participation in the economy of Bangladesh through the supply of high quality banking services. Janata Bank will do this by increasing access to economic opportunities for all individuals and business in Bangladesh. It believes that the intension of

The main aim of this report is to develop a solution that would improve and solve current communications issues by implementing updated ICT infrastructure within ICT Department. The solution is expected to demonstrate both direct and indirect cost and benefit to the

The Information Technology Division as one entity of BRI’s organizational structure is responsible for providing, executing, monitoring and maintaining the whole technology required for all business and operational activities. In connection with the great and the high complexity

Secondly, Aragba-Akpore (1998) wrote on the application of information technology in Nigerian banks and pointed out how Information Technology is becoming the backbone and bedrock of banking services in this generation. He cited the Diamond Integrated Banking Services (DIBS) of Diamond Bank Limited and Electronic Smart Card Account (ESCA) of All States Bank Limited as labors geared in the direction of making complexity in the banking sector. Ovia (2000) revealed that the Nigeria banking industry has progressively depended on the distribution of Information Technology and that the IT budget for banking industry is to an extent on a larger scale of any other industry in Nigeria. He opposed that On-line system banking has helped in facilitating the Internet

Due to the nature of the online environment it is difficult for banks to build trust and relationships with their customers. The Internet is extremely impersonal due to its global audience, the bricks and mortar location of the local branch with a smiling advisor is much more inviting in comparison to a cold lifeless computer screen. Also the learning process involved in using e-banking can be daunting, customers must invest their time and effort into learning more to use and navigate their way around the sites. Internet banking can also be time consuming to set up and registration numbers and access codes can be misplaced, stolen or forgotten. Although

For sustaining this transition from agrarian to industrial economy, Bangladesh must create and exploit knowledge through the widespread use and application of ICT ensuring the women participation. ICTs have the potential to support the development strategy of “leapfrogging” i.e., bypassing heavy infrastructure building it is possible for a developing economy to transform itself directly into a knowledge economy & women empowerment should be enhanced by using this dynamic means. For example, during the last half of the twentieth century, substantial achievements in few countries which succeeded in narrowing the economic divide separating them from the industrialized world often involved the export-oriented production of ICTs (Kim, 1997, Hobday, 1995, Amsden, 1989).

Technological advancement has had a gigantic effect in the banking industry. Over the past few decades, the financial services industry has changed considerably with banking transforming from the pen and paper method to the computers and internet method. The pen and paper method took weeks or even months for the transaction to be eventually completed, and then the dramatic introduction of the computer and internet method which changed that time frame to only a matter of seconds to be completed, which reduced the amount of time and labor needed to complete a transaction significantly. Banking is considered one of the most important economic sectors with it being severely influential and responsive to any little change, whether it is domestic or international. Some extreme changes that were brought about by the development of this new technology turned into a globalized nature for the financial services industry. One stroke of a key on a computer could and would change a person 's life extensively or even have a global impact. The new technologies that were created and introduced changed how the consumers managed their money from that time on. Technology has helped to protect peoples’ hard earned money and make it much more impossible for people to be able to write out bad checks or even holding up a bank. The advancement in technology however, also came with some security risks as most things do, that could affect the money that people trusted with the bank and

The last time that technology had a major impact in helping banks service their customers was with the introduction of the Internet banking. Internet Banking helped give the customer's anytime access to their banks. Customer's could check out their account details, get their bank statements, perform transactions like transferring money to other accounts and pay their bills sitting in the comfort of their homes and offices. However the biggest limitation of Internet banking is the requirement of a PC with an Internet connection, not a big obstacle if we look at the US and the European countries, but definitely a big barrier if we consider most of the developing countries of Asia like China and

As technology becomes more and more advanced, the demand for new innovative technology grows as well. As a nation, we have been moving increasingly towards a more digital world and that is also true for our banking industry. The physical action of walking into a bank to execute our banking needs is becoming less common and online banking is taking its place. ATMs are also a version of online banking that has been a

The change and advancement in technology are a significant factor in the banking business. Technology has led to tremendous improvements in this industry. Since the commencement of this millennium, people have shown great love for their mobile phones (Ozaki 1992). It necessitated the invention of mobile applications (APPs). From the introduction of the mobile banking, APP people rarely go to the banks. All their transactions get done simply by the stroke of a finger. Businesses face a challenge of adapting to changes in the technology sector. Mobile banking either through actual investing or any other means is on the rise.

In the world of banking and finance nothing stands still. The biggest change of all is in the, scope of the business of banking. Banking in its traditional from is concerned with the acceptance of deposits from the customers, the lending of surplus of deposited money to suitable customers who wish to borrow and transmission of funds. Apart from traditional business, banks now a days provide a wide range of services to satisfy the financial and non financial needs of all types of customers from the smallest account holder to the largest company and in some cases of non customers. The range of services offered differs from bank to bank depending mainly on the type and size of the bank.

The bank is efficiently managed. The bank is one of the few banks in India which gives importance to technology in order to serve its customers better through financial