Why has online technology’s use increased in financial-information management?

Passage of laws that recognize electronic documents as legally binding

Passage of laws that recognize electronic documents as legally binding. As businesses have become more comfortable with the use of electronic information, their willingness to accept electronic documents as legally binding contracts has also increased. This has been buoyed by the passage of laws recognizing electronic documents and signatures as legally binding. Electronic information exchange procedures have not been removed. These procedures provide a way for people to exchange information electronically. Security remains an issue for online financial-information management. Although the customers right to privacy is an issue, it has not contributed to the increased use of online technology in financial-information management.