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Title of the assignment: ICT based business operations for financial institute
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Course title: Assignment – 1
Date: 3/16/2019
Table of Contents
1.    ICT based business operations for financial institute    3
2.    References:    4
1. ICT based business operations for financial institute
The modern financial organizations and institutes are highly impacted by the ICT (information and communication Technology) for their regular business operations. The regular functionalities defining the organizational roles in modern market especially for financial institutes are highly affected by ICT. In past few years, ICT is playing significant role in financial operations of such institutes like banks. The internet banking, online payments and fund transfers are showing empowerment of ICT in financial institutes. Managing transactions and storing client information for successful daily business operations are provided by ICT to such institutes [Munyeger & Matsumoto, 2018].
The creation of new products with increased profit because of improved production and effective client management, ICT is improving efficiencies of financial institutes. The process management for specific financial products can easily be simulated with help of...