INFORMATION TECHNOLOGY: A BOON TO THE FINANCIAL INDUSTRY
Author: Prof. Piyush Anam
Category: General Management
Abstract:
Information technology or IT refers to the software tools and computer systems the company uses to automate these functions and organize the data flow to improve the management team’s decision making capabilities. The financial services industry is a leader in the use of information technology. Firms in banking, securities, investments, insurance and financial marketplaces are among the most information intensive and innovative users of technology. Information technology has many uses in finance. From trading financial instruments to keeping records of personal budgets to reporting the earnings of a business, computer technology is used by financial companies daily. Information technology allows the rapid calculation of financial statistics, as well as electronic transfers of money. This paper focuses on the Role of information technology in Finance. An attempt has been made to exhibit the changing structure of the financial industry due to the key role played by Information technology. KEYWORDS Finance, Information Technology, Instruments.
