Information technology is a new trend
in information management. Information technology devices encompass the
interest computers global system for mobile communication (G.S.M) word
processor, automatic teller machines, online computer networking and so on.
in information management. Information technology devices encompass the
interest computers global system for mobile communication (G.S.M) word
processor, automatic teller machines, online computer networking and so on.
Owing to the volume of work and
customers which were often attended to manually are banks in the past, which
most often deeds to boredomness and its attendant risk like misinformation,
haphazard work and fraud. Also banks in order to be relevant and efficient
under competitive environment need the introduction of information technology
in their routine operations.
customers which were often attended to manually are banks in the past, which
most often deeds to boredomness and its attendant risk like misinformation,
haphazard work and fraud. Also banks in order to be relevant and efficient
under competitive environment need the introduction of information technology
in their routine operations.
Olakanimi (2002) in his view defined
management information system as “A formal information network using computer
to provide management with information. It needs to make decision”. He also
went further to say that information is a means of identifying, gathering and
processing all relevant data with a view to enhancing the quality of decision
bearing on the subject matter (Olakanmi 2002).
management information system as “A formal information network using computer
to provide management with information. It needs to make decision”. He also
went further to say that information is a means of identifying, gathering and
processing all relevant data with a view to enhancing the quality of decision
bearing on the subject matter (Olakanmi 2002).
Oyatade (1979) stated that “management
information system is a data processing system which provide information to
management for the purpose of controlling the business and as a basic for
decision making”. She further stated that management information system as a
systematic formal assemblage of the V-component that performs data processing
operation to:
information system is a data processing system which provide information to
management for the purpose of controlling the business and as a basic for
decision making”. She further stated that management information system as a
systematic formal assemblage of the V-component that performs data processing
operation to:
a. Provide information to management for
the support of planning, control and decision making.
the support of planning, control and decision making.
b. Provide
a variety of report.
a variety of report.
Atejeromavwo (2011) defined management
information technology as a system designed to supply the managers with an
organization, with information, the need to keep informed of the recent status
of the organization to understand the implication, and to make and implement
the right operating decision.
information technology as a system designed to supply the managers with an
organization, with information, the need to keep informed of the recent status
of the organization to understand the implication, and to make and implement
the right operating decision.
Okafor (2000) emphasized that
information technology has wounded the horizon of banking practice and change
the nature of economics of banking as well as the competitive environment in
which banks operate.
information technology has wounded the horizon of banking practice and change
the nature of economics of banking as well as the competitive environment in
which banks operate.
Okonkwo and Afolabi (2000) stated the
information technology compass a wide range of technologies like, telephone,
computers, world processors and so on.
information technology compass a wide range of technologies like, telephone,
computers, world processors and so on.
A broad spectrum of technological
opportunity has opened up for banks and they are currently taking due advantage
of these invocation to provide improved customers service in the face of staff
competition. The face of market linearization and globalization of transactions
has be facilitated by aadvance in the near technology, bringing about
tremendous information in virtually every aspect of financial institution and
giving arise to a more efficient and competitive system.
opportunity has opened up for banks and they are currently taking due advantage
of these invocation to provide improved customers service in the face of staff
competition. The face of market linearization and globalization of transactions
has be facilitated by aadvance in the near technology, bringing about
tremendous information in virtually every aspect of financial institution and
giving arise to a more efficient and competitive system.
Gates (1996) emphasized that the
application of information technology in banking operation has helped management
effectiveness. Transaction has become amazingly fast, while at the same time
providing instant reconciliation and near error free responses, customers can
now access their account balance from any office the storage and retriever of
information technology from data base makes the processing of customer easier
from any office.
application of information technology in banking operation has helped management
effectiveness. Transaction has become amazingly fast, while at the same time
providing instant reconciliation and near error free responses, customers can
now access their account balance from any office the storage and retriever of
information technology from data base makes the processing of customer easier
from any office.