TABLE OF CONTENTS

1. Role of technolo-
gy in banking indus-
try

2. role of technolo-
gy in education

3. cliparts

4. ALL ABOUT INFOR-

MATION TECHNOLOGY

1 TECHNOLOGY IN BANKING AND EDUCATION

 THE ROLE OF TECHNOLOG
ByKarehka Ramey
The banking sector has embraced the use of technology to serve its clients faster
and also to do more with less. Emerging technologies have changed the bank-
ing industry from paper and branch based banks to digitized and networked
banking services. Unlike before, broadband internet is cheap and it makes the
transfer of data easy and first. Technology has changed the accounting and man-

E-banking: This en- and inquire about their

ables the bank to de- financial transactions.
liver its services easily Another technology
to its high end cus- used by banks to ex-
tomers. To make the change data between
system user friendly to the bank and clients is
all clients, banks have called Electronic Date
used a Graphical User Interchange (EDI);
Interface (GUI) , with this software can be
this software , custom- used to transmit busi-
ers can access their ness transaction in a
bank details on their computer-readable
own computers, make form. So the client on
money transfers from the other end will be
one account to another, in position to read the
print bank statements information clearly.

NRI Banking Services: in rural areas. For ex-

This technology has ample: In Africa, they
been embraced in coun- have introduced Mo-
tries like India, USA, bile money banking
UAE, just to mention facilities. In this case a
but a few. Since many user in a rural area will
people go abroad to have an account with a
work, they have a need mobile company which
of supporting their is opened for free. They
families. So technology can then deposit mon-
has made it simple for ey on that account
them to send money to via a near by mobile
their loved ones easily. money operating cen-
RURAL Banking: Un- ter. This money can be
like in the past when withdrawn at any time
banking was central- any were in that area
ized in urban areas, and they can also re-
now days technology ceive or send money
has made it simple to using the same system.
set up banking facilities

2 TECHNOLOGY IN BANKING AND EDUCATION

GY IN BANKING INDUSTRY
- October 15, 2012
agement system of all banks. And it is now changing the way how banks are
delivering services to their customers. However this technology comes at a cost,
implementing all this technology has been expensive but the rewards are limit-
less. Below I have listed some of the roles of technology in the banking industry.

Plastic money: Credit cards or and that money is deducted from

smart cards like VISA ELEC-
TRON have made the banking
industry more flexible than before.
With a credit card , a customer can
borrow a specific amount of mon-
ey from the bank to purchase any
thing and the bank bills them lat-
er. In this case, they dont have to
go through the hassle of borrow-
ing small money. Then with Smart
Cards like visa electron , a customer
can pay for any thing using that card
their bank accounts automatically,
they can also use the same card to
deposit or withdraw money from
their accounts using an ATM ma-
chine. Self-inquiry facility: Instead
of customers lining up or going to
the help desk, banks have provided
simple self inquiry systems on all
branches. A customer can use their
ATM card to know their account
balance, or to get their bank state-
ment. This saves time on both sides.

TECHNOLOGY IN BANKING AND EDUCATION 3

 THE ROLE OF TECHNOLOG
ByJoyce Waddell
Although technology is finally being integrated into education, its use for teaching
and learning still remains a challenge. Despite the fact that many schools today are
privileged to have ready access to technology, trained teachers, and a favourable
policy environment, the use of technology in the classroom is still low. Some attri-
bute low levels of technology use in education to the pedagogical beliefs of teachers.

With that said, the potential of technology to enhance learning cannot be

overemphasized. The use of technology is something that started a long
time ago for students with special needs. For example, brail machines have
been utilized for the visually impaired. In addition, special needs programs
that help children with autism use technology to enhance learning. By inte-
grating technology into education, educators aim to engender pedagogical

Assistive technology for stu-

dents with special needs

Assistive technology can be defined

as an item, piece of equipment or
product system that can be used to
maintain, increase or improve func-
tional capabilities for any person
with a special need. Thus, the incor-
poration of educational technology
can also provide benefits to students
with disabilities who may be in a bet-
ter position to interact with the les-
son through technology. Moreover,
technology can place teachers in a
better position to customize learn-
ing for students with special needs.

What is the relationship between technology in education and pedagogy?

Research has illustrated that many educators have had a hard time inte-
grating technology into education. This may be because many educa-
tors have yet to explore the relationship between technology and peda-
gogy. Doing so could play a huge part in encouraging critical thinking
by teachers as they attempt to integrate technology into education.

At the same time, for technology to work effectively, it should only be in-
corporated in classroom if it is appropriate for a given instructional task.
Also, technology can only be an effective teaching tool if teachers partic-
ipate in decisions to adopt technology. This is because teachers have the
responsibility of facilitating instruction and incorporating technology at
the classroom level, yet many school administrators tend to make deci-
sions related to technology adoption/training without consulting teachers.

4 TECHNOLOGY IN BANKING AND EDUCATION

GY IN BANKING INDUSTRY
l - March 27, 2015

change and address fundamental issues that affect learners with special needs.
Technology can therefore be seen as both a tool and a catalyst for change.

Today, technologies used to improve and facilitate learning can be found every-
where. Leaving other contextual factors to the side such as unequal access to tech-
nological innovations and connected technologies across schools and districts
we can only say that we have embraced technology in education when it is used for
both teaching and learning. With the incorporation of technology into schools, the
main purpose is to change how teachers and students gather, access, analyse, pres-
ent and transmit information. This can democratize information in classrooms as
well as help differentiate instruction, particularly for students with special needs.

How Technology can be

used to Improve Learning

The following are ways that

technology could be better lev-
eraged to improve learning:

With the widespread availabil-

ity of student databases that are
able to track individual prog-
ress, teachers are encouraged to
identify learning objectives and
differentiate instruction based
on the needs of their students.
Whenever teachers attempt to
present instruction using tech-
nology, they should do so us-

Overall, technology is central to many sectors of society and its inte-

gration into the education process has great promise for student learn-
ing. With technology, one can expect increased efficiency and effec-
tiveness on both the part of teachers and students. Technology can also
prompt pedagogical change and address issues that affect learning, teach-
ing and social organization. Technology can therefore be seen as both
a tool and a catalyst for change. Students should embrace technology
for them to benefit and teachers should be open to introducing technol-
ogy into the classroom to improve and innovate their teaching practice.

*This weeks guest blogger is Joyce Waddell. Joyce studied so-

cial work at Azusa Pacific University. She is interested in adap-
tive learning technologies and its impact on higher education. She
has been a social media specialist and freelance blogger since 2014.

TECHNOLOGY IN BANKING AND EDUCATION 5

 TECHNOLOGY

6
BANKING INDUSTRY
TECHNOLOGY IN BANKING AND EDUCATION
TECHNOLOGY

EDUCATION
TECHNOLOGY IN BANKING AND EDUCATION 7
 Information technology in the
banking sector :
opportunities, threats and strate-
gies.
Hassan Ghaziri
Graduate School of Business and
Management, American University
of Beirut, 1998
The New Era
The 21st century will bring about an
all-embracing convergence of com-
puting, communications, informa-
tion and knowledge. This will radi-
cally change the way we live, work,
and think. The growth of high speed
networks, coupled with the falling
cost of computing power, is making
possible applications undreamed
of in the past. Voice, data, images,
and video may now be transferred
around the world in micro-seconds.
This explosion of technology is
changing the banking industry from
paper and branch banks to digitized
and networked banking services. It
has already changed the internal ac-
counting and management systems
of banks. It is now fundamentally
changing the delivery systems banks
use to interact with their customers.
All over the world, banks are still
struggling to find a technological
solution to meet the challenges of
a rapidly-changing environment.
It is clear that this new technology
is changing the banking industry
forever. Banks with the ability to
invest and integrate information
technology will become dominate
in the highly competitive global
market. Bankers are convinced that
investing in IT is critical. Its poten-
tial and consequences on the bank-
ing industry future is enormous.
Technology and
Banks Transformation
8 TECHNOLOGY IN BANKING AND EDUCATION
Computers are getting more so-
phisticated. They have given banks
a potential they could only dream
about and have given bank custom-
ers high expectations. The changes
that new technologies have brought
to banking are enormous in their
impact on officers, employees, and
customers of banks. Advances in
technology are allowing for delivery
of banking products and services
more conveniently and effectively
than ever before - thus creating new
bases of competition. Rapid access
to critical information and the abil-
ity to act quickly and effectively will
distinguish the successful banks of
the future. The bank gains a vital
competitive advantage by having a
direct marketing and accountable
customer service environment and
new, streamlined business process-
es. Consistent management and de-
cision support systems provide the
bank that competitive edge to forge
ahead in the banking marketplace.
Major applications. The advantages
accruing from computerization are
three-directional - to the customer,
to the bank and to the employee.
For the customer. Banks are aware of
customers need for new services and
plan to make them available. IT has
increased the level of competition
and forced them to integrate the new
technologies in order to satisfy their
customers. They have already de-
veloped and implemented a certain
number of solutions among them:
Self-inquiry facility: Facility for log-
ging into specified self-inquiry ter-
minals at the branch to inquire and
view the transactions in the account.
Remote banking: Remote termi-
nals at the customer site connected
to the respective branch through
a modem, enabling the custom-
er to make inquiries regarding
his accounts, on-line, without
having to move from his office.
Anytime banking- Anywhere bank-
ing: Installation of ATMs which
offer non-stop cash withdrawal,
remittances and inquiry facili-
ties. Networking of computerized
branches inter-city and intra-city,
will permit customers of these
branches, when interconnected, to
transact from any of these branches.
Telebanking: A 24-hour service
through which inquiries regarding
balances and transactions in the ac-
count can be made over the phone.
Electronic Banking: This enables
the bank to provide corporate or
high value customers with a Graph-
ical User Interface (GUI) software
on a PC, to inquire about their fi-
nancial transactions and accounts,
cash transfers, cheque book issue
and inquiry on rates without vis-
iting the bank. Moreover, LC text
and details on bills can be sent by
the customer, and the bank can
download the same. The technol-
ogy used to provide this service is
called electronic data interchange
(EDI). It is used to transmit busi-
ness transactions in computer-read-
ble form between organizations and
individuals in a standard format.