Benefits And Drawbacks Of Ict In Banking

The benefits of ICT in banking are…

· Easy access to money 24/7
· Banks can handle more customers
· Less staff employed by banks.
· Can pay by credit/ debit card so no need to carry money around
· Chip and pin. Makes your money more secure and convenient

The drawback of ICT in banking are…
· Bank fraud may occur.
· Not enough staff at the bank to deal with your needs.
· Automated teller machines can be damaged and used as a source of fraud.

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License