4. The head of the division also mentions that he has to do a presentation about liquidity management and technological advancements to Unibanks board of directors. Therefore, please provide him with information about the following issues to assist with his presentation:

What are the advantage and disadvantages of technological advancements from the banks perspective? Use examples where appropriate (4 marks).

Briefly explain what the economies of scale and economies of scope mean in regards to the cost structure that technology could bring to the bank (2 marks).