Preview

Mis in Banking System

Good Essays
Open Document
Open Document
1605 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Mis in Banking System
1. Introduction

1.1 BACKGROUND OF THE STUDY

Information system is one of the important fields of study now. It’s a subject of BBA program. We are now studying the Introduction to Business information system. Here, we asked to make a term paper or report on the base of Management information system. We are very glad for getting the opportunity to make this term paper. Here our honorable teacher assigned a topic which is Role of MIS in banking sector. This term paper contains much important information which can help our faculty & others to get a clear idea about the role of Management information system in banking sector.

1.2 OBJECTIVE OF THE STUDY

This term paper is written on about the role of management information system in banking sector. In which we are going to show the importance of management information system in banking sector and how much they implement their system and what kind activities they have performed by using management information system. The objective of study is to knowledge regarding over information system. More precisely we can identify the objective of this report as follows: * To observe the role of information system. * What kind of activities they have performed by using information system. * To understand how they use in banking sector. * To observe how much their client take the benefit of information system. * And how they utilize their information system. * To observe the present situation of bank.

1.3 DATA COLLECTION

1
We have collected information through the internet and personally each member of our group make some brainstorming to make this term paper successful and for achieving the specific objective of this study. Data were gathered from secondary source which is through the internet.
1.4 LIMITATION OF THE STUDY

Several drawbacks appeared at the time of preparing the report and hindered the total work process: * Our time was very limited. * Limited source to

You May Also Find These Documents Helpful

  • Satisfactory Essays

    The management information system helps the managers with reports by giving them access to the organisations Management information systems MIS: are the computer systems in an enterprise that provides information about its business operations. The management information system is the centrally coordinated system of a computer expertise and management, The MIS is the computerized database of financial information organizes and programed to produce regular reports on operations. At ICT4Students we use MIS to give feedback on our performance and are used to monitor the company as a whole oppose to separate departments so we can check the product sale levels and the rate of refurbishment of products. The MIS helps us to measure our progress to reach our goals.…

    • 564 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Nt1330 Unit 9 Final Paper

    • 1645 Words
    • 7 Pages

    MIS assisted the business world to process the transactions, getting information for the sought people at the right time. The volume of information MIS provides for companies, banks and the different industries is huge and MIS can be heavily relied on in the business industry as it can control massive amounts of information and accelerate the transactions being made…

    • 1645 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, more than 18,000 ATMs and an online banking with more than 25 million active users. Bank of America offers services to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries and has relationships with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. In late-2008, Bank of America acquired Merrill Lynch, a long-standing, global investments and financial services firm.…

    • 657 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    A business information system is defined by Hooper and Page (1997) as “the sum of all the tools, techniques and procedures used by the business to process data”. Information is necessary to get success because it is context formation of data. People use systems to store information. When someone input information in systems, it is processed and then the information is output through a process. Information System is used by people to do lots of work like keeping information regarding customers, employees, markets, etc. There are also different types of information systems. The areas of business that each system support and also the changes the systems have brought to the business world will be discussed.…

    • 678 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    9. Describe the process used to collect the data in this research. (100 -150 words- 10 marks)…

    • 699 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Information technology system is a really important sector for banks. There are several benefits can get from bank as follows. Not only can it speed up operation, but increase reliability in bank industry as well. Also, information technology can reduce the cost significantly from world wide networking. These days, if a bank doesn’t have a sound information system, it might be hard to compete in this aggressive market; which means an information technology system becomes a necessary element in banking industry.…

    • 4308 Words
    • 18 Pages
    Powerful Essays
  • Powerful Essays

    Management of information system (MIS) is a planned system of the collecting, processing, storing and disseminating data in the form of information needed to carry out the functions of management. In a way it is a documented report of the activities those were planned and executed. It can also be defined as the subset of the overall internal control of a business covering the application of people, documents, technologies, and procedures by…

    • 5894 Words
    • 24 Pages
    Powerful Essays
  • Better Essays

    The report aims to explain the importance of information system to fulfil the information requirements of the business. It explains the role of computer and information system to achieve operational excellence in business functions, competitive advantage and business expansion. It emphasises that the tools of information system like intranets and extranets can be used as measures of information. These tools are very helpful to provide ready information to the outside parties associated with business and management for various parties.…

    • 3145 Words
    • 13 Pages
    Better Essays
  • Better Essays

    "Management information system is essential for creating competitive firms, managing global corporations, and providing useful products and services to customers." (Laudon, 2002,P1) It provides information figure of reports and displays to managers. For example, sales managers may use their computer workstations to get sales results of their products and to access weekly sales analysis reports, and then evaluate sales made by each salesperson. "Management information systems arose in the 1970s to focus on computer-based information systems aimed at managers." (Laudon, 2002, P15). Because of the growths of the Internet, globalisations of trade, and the rise of information economies, have to improve the role of information systems in business and management. And then it needs pays attention to organisation management information that issues raised by sociology, economics, environment and psychology. "An organization is a stable, formal social structure that takes resources from the environment and processes them to produce outputs." (Laudon, 2002,P87) This essay will be evaluating the contribution of Management Information System to Organisations. Like as What relationship between information and manager's job; computer network's importance for management information development; different types of management information systems to use differences and how it is impact and limitation of information systems.…

    • 1517 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Mis in Restaurant

    • 4079 Words
    • 17 Pages

    The appropriate development and management of information technology tools is of great help to executives and management. This assists them in performing tasks related to the processing of information. MIS and business systems are especially useful in the collation of business data and the production of reports to be use as tools for decision making. IT system gives a comprehensive picture so that available data can be accessed, evaluated and utilized. It is designed to…

    • 4079 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    MODEL PAPER MBF203 Management Information Systems (4 Credits) Group A: 1 Marks Questions (Question Number 1-40) Group B: 2 Marks Questions (Question Number 41-60) Group C: 4 Marks Questions (Question Number 61-75) Full Marks: 140 Please Answer All Questions – Only One Option is Correct Group A 1 The texts and ____________in electronic forms are effective in communicating ideas from source to destination. a) Ideas b) Representations c) Images d) Graphics 2 MIS helps in identifying a proper mechanism of ____________ of data. a)storage b)distribution c)collection d)elimination 3 Some of the processes like artificial intelligence, generating management related information, providing aid in decision making, necessary support systems, and executive information system are the classification of MIS a) Functionality b)Utility c)area of application d)processing type 4 A information is easy to process further. a) Management b) Unstructured c) Structured d) Generated…

    • 2696 Words
    • 11 Pages
    Good Essays
  • Powerful Essays

    In preparing the term paper, secondary sources of data such as books, journals, studies and different papers extensively reviewed. Besides, key guiding questions were prepared and discussed with those knowledgeable individuals in the field.…

    • 5655 Words
    • 23 Pages
    Powerful Essays
  • Powerful Essays

    1. It Facilitates planning: MIS improves the quality of plants by providing relevant information for sound decision – making. Due to increase in the size and complexity of organizations, managers have lost personal contact with the scene of operations.…

    • 1023 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    I would like to thank you for assigning us this subject to prepare the report. This task has given me the opportunity to explore one of the most important aspects of the MIS field which is its use in the SME activities.…

    • 6547 Words
    • 34 Pages
    Good Essays
  • Powerful Essays

    Account

    • 673 Words
    • 3 Pages

    I am Yogeswaary d/o Marathandavan from Saito College, studying Diploma in Business Information Technology. This report is regarding Business Information System subject, for this assignment I need to do survey by choose one department in an organization and carry out an investigation on the usage of information system in that department. I choose “ASIAPRIMA RESOURCES” organization for my assignment. In the organization I choose Marketing department for my research because I need to know what kind of system they use for marketing sales record and how they solve the problems face in marketing by using the particular system.…

    • 673 Words
    • 3 Pages
    Powerful Essays