Many IT based banking solutions have incorporated sophisticated algorithms and  2  BIS Review 88/2006  comprehensive permutations and combinations to provide alerts on a real time basis. Such a facilitation may well be impossible using manual means.
Another vital aspect that has to be taken cognisance of is that technological deployment must always be consistent with the levels of expertise in each bank as well as the nature and sophistication of its customers. Alternatively it is important to train all the stake holders to ensure a smooth technological transformation.