What are the three major objectives of technological investments at FIs? What are the major risks...

50.1K

Verified Solution

Question

Finance

What are the three major objectives of technological investmentsat FIs? What are the major risks involved with theseinvestments?

Answer & Explanation Solved by verified expert
4.2 Ratings (514 Votes)
Answer to Part 1 The three major objectives of technological investments at Financial InstitutionsFIs are Increase Profits Technological Investments can be used for increasing profits at FIs by lowering the costs associated with the operations of the Financial InstitutionsFor Example New Softwares to carry out functions that were previous carried out by a number of people will both help in reducing the labour cost as now fewer people will be required to    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students