The impact of information technology on the performance of financial institutions

​​​​This study delves into the effects of information technology on the performance of financial institutions, aiming to highlight the significance and benefits of information technology in enhancing their operational efficiency. The study underscores the utilization of expansive and rapidly accessible databases to augment the internal performance of financial institutions.
Key Points:
Database Utilization: Information technology provides financial institutions with a wide and swiftly accessible database, contributing to increased knowledge capital and improved internal performance.
Market Adaptation: Effectively staying abreast of both domestic and global markets is facilitated by information technology. This aids financial management in comprehending, analyzing, and responding to market dynamics through the use of informative software programs.
Research Tools: The use of research tools, studies, and evaluations in financial institutions has made it imperative to integrate information technology to enhance overall performance.
Quality Control: Information technology allows for effective quality control through available software programs, ultimately elevating the performance standards and qualifications of employees.
Main Objective of the Research:
The primary goal of this research is to:
Define the concept of information technology.
Identify the components of information technology.
Define performance in the context of financial institutions.
Understand the impact of information technology on performance.