Computerisation in the Scottish Clearing Banks. A study of Information Systems for Retail Banking in the Scottish Clearing Banks with particular reference to the Clearing and Accounting Systems

Abstract

Abstract : Computerisation in the Scottish Clearing Banks. This thesis has three aims:- 1. To consider the value of computers to the operational objectives of the Scottish Clearing Bank3. 2. TO examine retrospectively the development and economics of computerisation in the Scottish Clearing Banks. 3. To examine the continued suitability of the present mode of computerisation in the Scottish Clearing Banks. To fulfil these aims the thesis falls into three parts. The first part contains a general introduction to the Scottish Clearing Banks, concluding that there is a requirement for Information Systems. In the second part analysis of the source of Bank profits demonstrates a need for cost containment. The volumes of work involved confirm a computerisation solution as being appropriate. The current mode of computerisation and some of its consequences are examined and a retrospective look is taken at the economic impact of the decision to computerise. Finally some shortcomings and deficiencies in current approaches are identified, and one proposal made for a future course of computerisation. The thesis concludes that :- 1. Computers can satisfy the information needs of the Banks on a cost-effective basis. 2. The decision to computerise in the mid-sixties has proved cost-effective and has in addition had indirect consequences on the services and structure of the Banks. 3. The approach to computerisation taken in the past is no longer optimal. Current technology offers alternative information systems, more suited to likely future requirements, using comparable staff numbers. CATHERINE P SMITH. MARCH 1982