Business — Banking — Management — Marketing & Sales

Function of data processing in the bank

Category: Bank Management

In industry, data processing is part of the production, while in the banks, it is the essence of the entire production. Before the current time it took the development of 3 easy steps:

1. Beginning — data logging

2. Industrialization — large systems

3. Productivity — streamlining

Now this function is decentralized in order to generate revenue from value added.

The tasks of the banks data processing

Collection of information, external — from branches and internal — through daily registrations or bootstrap process (integration). You can identify the following trends:

— Decentralization

— Collection operations conducted by the client

— The use of subcontractors

— Interpretation of the data collected

— Data Storage

— Return data to other segments of the bank or external customers, partners, or subcontractors

— Ensuring continuity

Organization of data processing

1. operating system consists of a central unit, a storage device database, communication links

2. permanent technological surveillance systems used and implemented new systems

3. networking of different geographical locations and functions

4. Evolution of the bank’s needs increasingly depends on the ability to create software systems: banks must train staff

5. micro-computers and office software system. Banks tend to provide computers to all employees for self-enter information that positively contributes to the leadership function, as through communication with the central processor, each collects and analyzes information received for processing of their projects.

6. ensuring continuity. The challenge is to improve the operating system and the safe storage of the ever-growing volume of transactions carried out by external users via computers.

Trends in the data processing in banks

Currently, users can exchange information with all computer systems in the bank. They can collect the necessary data and design their business plans and manage their own database.

The architecture of computer networks may change in the system if the database user creates a new database, which will again be used by others.

That is, the system will cover areas such as budgetary control, management, marketing, organizational functions — this means that there will be greater control of the whole system to maintain internal relationships and reliability.

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