Final answer:
The impact of ICT on the operations and management of financial institutions includes technology, ABMs, and remote access to files and folders.
Step-by-step explanation:
The impact of ICT on the operations and management of financial institutions is significant. One of the major impacts is the use of technology. Financial institutions now rely heavily on computer systems and software to manage their operations, including accounting, customer management, and transaction processing. This has increased efficiency and accuracy in financial operations.
Another impact of ICT is the use of Automated Banking Machines (ABMs). ABMs allow customers to perform various banking transactions, such as withdrawals, deposits, and fund transfers, without the need for human assistance. This has made banking more convenient and accessible for customers.
ICT has also enabled financial institutions to have remote access to files and folders. This means that employees can access important documents and information from anywhere, as long as they have an internet connection. This has improved collaboration and flexibility in financial institutions.