What are the application areas of computers in the Banking Sector?
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AWhat are the application areas of computers in the Banking Sector?
A computer is a programmable device that can automatically perform a sequence of calculations or other
operations on data once programmed for the task. It can store, retrieve, and process data according to internal instructions. A computer may be either digital, analog, or hybrid, although most in operation today are digital. Digital computers express variables as numbers, usually in the binary system. They are used for general purposes, whereas analog computers are built for specific tasks, typically scientific or technical. The term "computer" is usually
synonymous with digital computer, and computers for business are exclusively
digital.
The Application of Computers in the Banking Sector
1) Account Management
2) Electronic Transactions
3) Web-based Banking
4) Data storing
5) Data processing
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Computer