Description

The banking sector has been the backbone of every country. It implements and brings about economic reforms. Any change in this sector through technology has a sweeping impact on any country. The developments in information collection, storage, processing and transmission technologies have influenced all aspects of the banking activity. The history of technology is the history of the invention of tools and techniques. The 19th century saw astonishing developments in communication technology originating in Europe. In the 20th century, information technology developed rapidly due to the scientific gains directly tied to military research and development, as they did in part due to World War II. Despite of the fact that we have just entered into the 21st century, technology is being developed even more rapidly, marked progress in almost all fields of science and technology has led to massive improvement to the technology we currently possess..