Office Automation Paper. In today's Network Economy, Information Technology plays an unprecedented role in the development and growth of the banking industry. Competition in the banking industry is not based anymore on pricing, it is based on innovative products, quality of service and personalization, in turn, all of these differentiating factors are primarily based on human resources and technology. Banks are expected to change and develop according to the changes that take place in the …showed first 75 words of 641 total…

…showed last 75 words of 641 total…of us to complete its information technology implementations. Other banks that are not on the right track by now, chances are very low that they are going to be able to compete and consequently survive. References: Lewis, K. (2003). On-line Banking. Bank of America-Higher Standards. Retrieved February 19, 2005 from http://www.bankofamerica.com/onlinebanking.html Maloney, T. (2004). Trust and Wealth Management. Private Bank Systems. Retrieved February 21, 2005 from http://privatebank.bankofamerica.com/Systems_Trusts&wealth.asp