In the current reality, most of the banking activities are propagated by the advancement of information technology (BankNetIndia 2011). Furthermore, since the discovery of automatic teller machines (ATMs) most back-office work has been automated and most transactions in banking are performed automatically. Success in banking in today's world depends on a bank's ability to specialize in the advancement of information technology. Although many banks assume that IT is more of a technological necessity, IT is also a very ingenious aspect for a bank and can help it gain a competitive advantage over its competitors. This document aims to develop a competitive strategy based on IT and its implementation process. The success of a bank is determined by the appropriate use of its resources, both tangible and intangible, to achieve a better competitive strategy in the market that will guide it in the right direction. The resources could be a good reputation, human skills and financial resources. Financial institutions provide a variety of financial services such as investment services, offering loans and banking services to a large number of consumers, both individuals and small businesses. Banks also offer comprehensive financial products and services to meet the needs of large and small companies, institutional investors, individual investors and even governments (WebFinance 2011). A bank may have several branches that include local offices in the areas where they are located and are complemented by ATMs, internet banking services, electronic delivery systems and mobile phone/mobile banking platforms. Specific products and banking services offered by banks include accounts, loans for individuals and businesses ...... middle of paper ......t Retrieved from: http://ddc.aub.edu.lb/projects /business/ it-banking.htmlInvestopedia ULC, 2011. Research and development. Retrieved from: http://www.investopedia.com/terms/r/randd.aspJackson R. 2011. The practice of strategic Management, Manchester Business School of MBA,MBS Worldwide, pp 16. Retrieved from: attached document Michael's Publications E Porter , 2011. Competition and Business Strategy, Institute for Strategy and Competitiveness. Retrieved from: http://www.isc.hbs.edu/firm-competitve.htmThe Gemini Geek, 2011. What is the corporate environment. Retrieved from: http://www.thegeminigeek.com/what-is-business-environment/WebFinance, 2011. Financial Institutions. Retrieved from: http://www.investorwords.com/1950/financial_institution.htmlWorldWidePanaroma, 2005. Bargaining Power of the Buyer. Retrieved from: http://www.photopla.net/wwp0503/buyer.php