Information technology as a basis for upgrading financial products

Abstract

It has become an axiom that the concept of development is linked to the contemporary development of information and communication technologies (NTIC), and this is what these facilities provide to develop and upgrade the industry with its various branches (service and commodity). In this regard, information and communication technology has become linked to the development of societies in our time and is considered the most important means of transferring developing societies to more developed societies, as it directly contributes to building a society that relies on electronic information services directly related to communication, production, and financial services, Accordingly, an important question revolves around whether information technology provides banks with the ability to improve the level of their services, to move beyond the traditional stages of management, and to move in this way to a knowledge path based on keeping pace with environmental changes, by joining the ranks of the digital economy.