What Is The Bank Of America's Hard Technology

Every company has their hard and soft technologies, these technologies can be the same or different in there domestic and global environments. The soft technology of a company is there ideas and thoughts on growth and change; the people’s thoughts are used as creative and flexible ideas to bring on this change. Company’s hard technology is the method of achieving success, what will they do in order to expand and progress. Bank Of America was originally based domestically in the U.S. but expanded globally to over 40 countries. “The Bank of America changed the banking industry during the 1950s by means of its ERMA and IBM 702 computer systems. These innovations in information technology resulted in a dominate design that helped keep the Bank

The idea for global banking, giving more Americans the freedom to use their money and access it while traveling. The idea to become a bank worldwide and provide services for all. A barrier to global banking is that other countries have there own banks as well, this makes it harder for American banks overseas to get customers and grow their reputation. Natives use their own banks because they are local and more popular to the area. Bank of America has to overcome these barriers by offering better banking initiatives and staying completive to local overseas banks. They must continue to expand their locations, ATM’s and services to make it easier for access. Easier access 24/7 is barrier in its domestic environment as well; today’s technology gives individuals the freedom to do it their self. People want applications, easy accessed money and quick loans. Bank of America has a dedicated team and allowance yearly in order to come up with better ideas and software for better banking. These expansions are some of Bank Of America’s other soft technologies, the implication of online banking, the app and new services/initiatives that Bank Of America can offer its

Ensuring that all consumers both domestic and global have access to their funds is one of their number one goals. Bank Of America invests in more ATM’s, more banks and better online services. The hard technologies for domestic and global banking are the same, while the soft may have been slightly different. Costumers want a better banking experience, easier banking and lots of access. Having applications right on your phone, more services online and more locations make this possible. The technology that is used for better banking also includes cyber security of your information, global banking infrastructures. Banks have to be able to relay banking info across the world and make sure that information stays safe. Ensure that costumers information stays safe both domestic and globally is a huge barrier in the banking technology. Techs teams are designated to creating the online banking technology for Bank of America to use in order for safe banking procedures. Another major barrier is ensuring the programs and technology that work domestically coincides with the technology used