Technological Options and Banking,
Abstract
A model of a conventional bank consists of a head office with physically remote branches radiating from it and, radiating from each branch, are individual customers. Because of the necessity for integrity and honesty in dealing with physical money, the calibre of staff in the head office and the branches must be high. Therefore, staff costs in banks are disproportionately heavy. The nature of the business means that all the branches must be located in the shopping or business centres of the cities and towns. They are, therefore, invariably expensive premises. The very simple model of a bank presents a total rectangle as revenue and the two constituents are costs and profits. The major portion of costs is made up of staff and premises on the overall profit of a bank. This paper discusses online technology, offline technology, distributed intelligence, plastic card technology (or more recently plastic card culture as it now epitomises a way of life), viewdata technology, etc, and their applications to banking. It attempts to plot the relevance of each type of technology in that it shows the point in time for economic reasons, obsolesence, etc.
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 01, 1982
- Accession Number
- ADP001494
Entities
People
- P. V. Cremin