29 Questions
What is the role of technology in the future of banking?
It is fundamental to the future of banking
What is the result of banks investing in ICT platforms and information systems?
Improved product features and reduced operating costs
What services do banks in Bangladesh offer to their customers?
Electronic payment services, Mobile Banking, and Internet Banking
What is the benefit of technology in banking?
Improved banking efficiency and effectiveness
What is the significance of ICT in the banking sector?
It helps in improving business processes and managerial decision making
What is the result of banks establishing large ATM and POST networks?
24/7 customer services
What is a major disadvantage of coaxial cable compared to twisted-pair wire?
It is more expensive and difficult to work with
How do fiber-optic cables transmit information?
Through light pulses generated by lasers
What is the main advantage of fiber-optic cables compared to traditional cable media?
They are smaller and lighter
What is the typical use of fiber-optic cable in a network?
As the backbone for a network
What is the frequency range of microwave signals?
300 MHz–300 GHz
What is a common use of microwave connections?
For point-to-point communications
What was the total number of transactions in 2020 for Internet Banking services?
2,44,30,983
What is one of the challenges faced by banks regarding Internet Banking?
Customers sharing their credentials with relatives or friends
What is a limitation for corporate customers using Internet Banking services?
Present fund transfer ceiling
Why do customers get locked with their User ID?
They forget their security credentials often
What is the primary distinction between the frontend and backend of a website?
The frontend is responsible for user interaction, while the backend is responsible for storing data.
What is a challenge faced by banks in terms of customer awareness?
Lack of awareness against phishing and IP tracing
What is the term for the process of constructing, producing, and managing websites?
Web development
What is a consequence of using mobile SMS as 2FA?
Customers are dissatisfied with the service
What is the primary purpose of the backend of a website?
To store and organize data
What is the role of JavaScript in web development?
It is used for frontend development
What type of websites are only accessible over a private network?
Private websites
What is the World Wide Web comprised of?
All publicly accessible websites
What is a primary goal of implementing ITO in banks?
To save time and money while introducing flexibility
What is a common outcome of banks keeping everything in-house?
Development of vertically integrated silos
What is a benefit of outsourcing IT capability to a third-party expert?
Positive impact on the bottom line
What is a challenge faced by financial institutions?
Strategic planning
What can outsourcing enable organizations to achieve?
Improve operational performance and reduce operational risk
Explore how Information and Communication Technology (ICT) is transforming the banking sector, enhancing efficiency, and improving customer services. Discover the role of technology in shaping the future of banking.
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