Banking · Banking Technology
Which of the following statements regarding the three key dimensions/decisions of banking technology are correct? Statement 1: Banking technology does not involve hardware, software, and advanced information technologies for efficient business operations, customer services, and secure transactions, nor does it include ATMs, credit cards, Internet banking, telebanking, and mobile banking. Statement 2: The second dimension of banking technology involves advanced computer algorithms for marketing solutions, data warehousing, and data mining on customer data. Statement 3: The third dimension of banking technology is risk management, encompassing quantifying, measuring, mitigating, and managing credit, market, and operational risks to ensure banks' survival and stability.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statements 2 and 3 only✓
- 2Statements 1 and 3 only
- 3Statements 1 and 2 only
- 4Statements 1, 2, and 3
Correct answer
Statements 2 and 3 only
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