Examples of mainframe computers used by banks include Fujitsu-ICL VME and BS2000 machines. Individual users typically employ personal computers to carry out operations. Mainframe computers that are used in banking institutions store data pertaining to client records, domestic operations and other vital processing information. Natasha Gilani has been a writer since 2004, with work appearing in various online publications. What Is an Example of a Public Information System?→, Host based networks vs. client server networks→. Banks use minicomputers as file storage systems, to run e-mail systems and perform Internet operations. Computers allow banking personnel to efficiently carry out transactions, process customer needs, forecast future trends, prepare internal and external reports, communicate with key participants and generate profits. Customers often use computers for online banking. PCs used in the banking sector are programmed to run spreadsheet, word processing and database software, in addition to web browsers and e-mail clients. Banking computers include large mainframe computers--which are often large enough to fill entire rooms--to smaller, hand-held personal digital assistants. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. One of the greatest advantages of a mainframe computer for the banking sector is its ability to perform time-sharing. Computers used in banks include mainframes for data storage and data analysis, ATMs used by customers and teller PCs for transactions and transfers. Personal computers, or microcomputers, either function as part of a larger wide area network (WAN) or local area network (LAN), or as independent, self-contained, devices. Minicomputers are a class of computing machines that range in size between large mainframe computers and smaller, personal computers. The Advantages & Disadvantages of Mainframe Architecture, The University of New Mexico: Computer Types, Carnegie Mellon University School of Computer Science: Types of Computers, University of Missouri: Bank Tellers and Computers, Southwest Museum of Engineering, Communications and Computation: Banking and Computers, "Understanding Computers: Today and Tomorrow, Comprehensive"; Deborah Morley; 2009, "Telecommunications: A Beginner's Guide"; Hill Associates Inc; 2002. What Advantages Does DRAM Have Over SRAM? Examples of minicomputers used in banks include the Wang Laboratories 2200 and VS series and Nova from Data General. She is also a member of the Canadian Writers Association. One of the greatest advantages of a mainframe computer for the banking sector is its ability to perform time-sharing. A large bank with numerous branches may have a mainframe computer in its central headquarters and linking terminals located in each of its branches. Mainframe computers that are used in banking institutions store data pertaining to client records, domestic operations and other vital processing information. Mainframe computers have incredibly fast data-processing speeds and inbuilt fault tolerance mechanisms, reduce labour costs, and support a wide range of workloads and uninterrupted processing. Modern banks use computers for storing financial information and processing transactions. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. The banking industry relies on computers for every financial transaction. Mainframe computers that are used in banking institutions store data pertaining to client records, domestic operations and other vital processing information. Banks use a wide range of computers to carry out regular, day-to-day operations. They function as Internet servers and network servers in banking operations. The typical minicomputer is capable of supporting more than 64 terminals. A large bank with numerous branches may have a mainframe computer in its central headquarters and linking terminals located in each of its branches. Microcomputers typically used in banks include tablet PCs, notebooks and laptops, desktop computers, palmtop computers, programmable calculators and personal digital assistants. Individual users typically employ personal computers to carry out operations. Time-sharing allows multiple users to access the same computer (and its resourc… working circuit image by Strikker from Fotolia.com. According to "Understanding Computers: Today and Tomorrow, Comprehensive," mainframe computers are sometimes referred to as enterprise-class servers or high-end servers.