Accession Number : AD0704876

Title :   FINANCIAL INDUSTRIES NEED FOR COMPUTER TECHNOLOGY IN THE SEVENTIES,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Novick,David

Report Date : APR 1970

Pagination or Media Count : 5

Abstract : In light of (1) the difficulties in obtaining adequate personnel, (2) the higher pay rates that are required to get and hold people, and (3) the factors that make for continuing growth in volume, automation of the data processing activity becomes a prime need of the banking industry for the seventies. In both the banking and the securities transactions businesses in which the original emphasis had been on getting the customers, the role of servicing the mass customers has gained a new importance. In the decade we are now entering, automation in banking and financing will expand substantially. As a wider variety of services are performed by automated equipment in the banking and securities industries, more varied and more numerous software routines will be required to perform both the new services and the potential new ones that will be developed.

Descriptors :   (*MONEY, COMMERCE), (*INDUSTRIES, *DATA PROCESSING), BANKING, RECORDS, MANAGEMENT PLANNING AND CONTROL, AUTOMATION, COMPUTER PROGRAMMING, PREDICTIONS

Subject Categories : Economics and Cost Analysis
      Computer Programming and Software

Distribution Statement : APPROVED FOR PUBLIC RELEASE