Who is Kuran Malhotra?
Kuran Malhotra is a graduate from the University of Georgetown, from the McDonough School of Business. He is a bilingual personality, due to his stay and attending college in Spain, along with him learning the language. He holds a degree in BS in business administration, and his majors include Finance and Operations and Information management, along with a minor in economics.
He became extremely focused in his department, on fusing finance and technology, for the benefits of the businesses. He spent years and has good experience in advising small businesses, and also developed financial management processes along with process automation in businesses.
His main works include fusing of finance and technology. It is important to understand how the role of information technology in financial services can help businesses and change networks for the exchange of information within the global financial system as well as other entrepreneurship.
Information technology in financial services
There is a huge role in information technology with financial services, that too for many different reasons. The most important reason for all includes the electronic networks that exchange information.
In the case of a financial service, you would see that they are molded and of versatile nature due to fast creation along with more efficient service for the customers who focus on the mobile based options more.
The cloud-based technology information is also used many times, hence, information technology is an important aspect for businesses as well.
When you study information technology, it is important to look at the financial systems globally, which will allow you the type of technology which will function globally as well.
Role of information technology in finance
The role of information technology in finance allows financial institutions to gain new information every time, which helps keep them updated in terms of business and innovation, and also attain this information at the same rate as the competitors.
Information technology has a great impact, especially mixed with financial services, as they allow the customers to complete online transactions, creating a much more efficient service.
Technology is known to have driven an ultimatum of a sort, for accessibility along with innovation, as it helps gain convenience. The whole role of information technology in the finance department consists of a big part which varies from small to large roles, depending on the situations, applications, processes, and operations. The critical part of information technology in this business is the part where communication comes in. Communication is an extremely vital and critical component, but there are a lot of advantages to going with it as well, especially those which help gain benefits to communication processes through the use of technological advancements.
As computers, desktops, and electronics of this sort are an important part of technology and business, then it is important to consider the part where finance makes use of it. The computers provide data storage, which is improved due to technology. Moreover, it is used for managing files, data reporting, and analysis as well.
The major advantage is that there are billions of transactions made daily, hence information technology is perfect for the financial system set up. They create huge importance and financial institutions need to update and adapt accordingly.