The concept of communication in an online environment has been phenomenal to the point that it seems as though having a social networking account is a basic and necessary 'Human Right'. ● ● ● How have/can financial institutions used/use IT and social networking for optimum benefit? Is the financial industry within the Caribbean better / worse off because of social networking sites? In your response explain either one (1) positive or one (1) negative factor of social networking from the perspective of Information Technology in Banking and Finance.

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
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The concept of communication in an online environment has been phenomenal to the point that it
seems as though having a social networking account is a basic and necessary 'Human Right'.
How have/can financial institutions used/use IT and social networking for optimum benefit?
• Is the financial industry within the Caribbean better / worse off because of social networking
sites?
In your response explain either one (1) positive or one (1) negative factor of social networking
from the perspective of Information Technology in Banking and Finance.
Transcribed Image Text:The concept of communication in an online environment has been phenomenal to the point that it seems as though having a social networking account is a basic and necessary 'Human Right'. How have/can financial institutions used/use IT and social networking for optimum benefit? • Is the financial industry within the Caribbean better / worse off because of social networking sites? In your response explain either one (1) positive or one (1) negative factor of social networking from the perspective of Information Technology in Banking and Finance.
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