tailieunhanh - Advancement of financial service industries in the technological age

Technologies have evolved with time. Technologies had deep impact on human life since Palaeolithic period. Financial Service Institutions such as Banks and Insurance houses been transformed drastically with the advent of Information Communication Technologies (ICTs). Internet being one of the vital components of modern ICT has permitted formation of extensive, lowcost and convenient financial network. | ISSN:2249-5789 Tapati Basu et al, International Journal of Computer Science & Communication Networks,Vol 6(2),85-93 Advancement of Financial Service Industries in the Technological Age Prof. Dr Tapati Basu (Author) Department of Journalism and Mass Communication, University of Calcutta profdrtapati@ Sweta Ghosh (co-author) UGC-NET-JRF, Scholar, Department of Journalism and Mass Communication, University of Calcutta swetachal@ Abstract Technologies have evolved with time. Technologies had deep impact on human life since Palaeolithic period. Financial Service Institutions such as Banks and Insurance houses been transformed drastically with the advent of Information Communication Technologies (ICTs). Internet being one of the vital components of modern ICT has permitted formation of extensive, lowcost and convenient financial network. Keywords-ICT, Technology, Financial Services, Financial Institutions, Communication Revolution, E-Commerce, E-Business 1. Introduction Today’s business world does not rely solely on Information Technology (ITs). Information and communication technologies (ICTs) are also significant for business sector as communication technologies are gaining momentous for distribution of information over space and time. Technical innovations have drastically altered the various operation fields of financial service industries by; increasing efficiency; expanding services; providing more convenience and products; and enhancing the speed of the payment systems. Past economic models have been replaced with new paradigms, which accounts better for today’s fast and unpredictable shifts in technology and business. Technology is driving massive industrial changes, creates new models in which non-traditional players can compete. According to Final Draft of Open Financial Exchange Specification (January 20, 1997) World Wide Web, Internet, and open transaction standards such as Open Financial Exchange (OFX) are the .

• Ngân hàng - Tín dụng
• International Journal of computer science & communication networks
• Advancement of financial service industries in the technological age
• Financial service industries in the technological age
• The technological age
• Information Communication Technologies
• Human life since Palaeolithic period