INTRODUCTION
Information technology is the application of suppliers and telecommunications equipment to store, retrieve, transmit and manipulate data, often in the context of a business or other enterprise. It is advancing the development of product and concept in application of these products and also concept to specific areas of human activity. Thus, as the nature of business became wider and complex, it became very imperative for all sectors to be connected with a modern convenient thus giving birth to the modern day banking system using information technology, the banking operation and business activities easier, faster, more efficient and more effective for individuals and organizations alike to transact business.
The word “Information” simply refer to the knowledge which is gathered as a result of processing data, therefore refers to the fact which some existing information is represented coded in some from suitable for better usage. It is also a set of symbol that has some value or that carries some value and meaning, decision cannot be taken on the basis of data, it must first be transformed.
Information bears a diversity of meanings that ranges from everyday to technical; the concept of information is closely related to constraint, communication, control, data, form, instruction, knowledge, meaning mental stimulus pattern and representation. It processed data which helps to reduce uncertainly. A system is an arrangement of entities for mutual interaction.