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IT Governance Issues in Banking Sector of Pakistan

Author Affiliations

  • 1Federal Urdu University of Arts, Science and Technology, Karachi, PAKISTAN
  • 2 Mohammad Ali Jinnah University, Karachi, PAKISTAN

Res. J. Recent Sci., Volume 4, Issue (3), Pages 9-15, March,2 (2015)

Abstract

Banks of current era rely heavily over the performance of Information Technology and its infrastructure adopted inside the banks to produce the best services with the help of technology as well as stay alive the extremely competitive era of banking. Therefore it has become one of the highly rated priorities of banks to govern the IT and take full value of it. Since the IT enables the various segments of any bank therefore aligning the IT with the core business and other segments of the bank is vital. In order to take the competitive advantage over other banks in the market, appropriate processes to measure the performance of the IT are key to govern the IT. Risk is another threat to IT, hence management of risk and management of the performance of IT are the seriously significant elements of IT governance. Various frameworks to govern the IT are introduced to assist and guide the technical persons who run and control the IT in their respective banks. Every framework contains different processes and standards but the objective of all the frameworks is only the governance of IT in any organization comprising IT. In this research status of IT governance is identified in the banking industry of Pakistan today. This research will be helpful study for those technical persons who are associated with the banking industry and technical management have the intention to strengthen their respective banks to decrease the loop holes in the field of IT.

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