In the past record keeping systems among financial institutions (commercial banks) mainly focused on finance function such as budgeting and forecasting. (Miller, 1992). However, with innovation of modern technology, it involves a range of information about human resource data, credit performance of clients, credit history especially with aid of CRBS (credit reference bureau standards), financial institutions among others (according to GAP 2002). Prior to the information 20 century, commercial banks took the trouble to laboriously collect data fi:om none automated sources due to kick store data, computing resources and properly analyze data. The offer forced commercial banks to make decisions that were primarily based on the institutions. (David, 2001), Around 8,000 B.C, the people in Mesopotamia began using clay tokens that had different shapes and markings used for such functions as counting and record keeping. These numerical notations gradually combined with pictures. Sometime before 3000BC, this combination emerged as the writing system known as cuneifonn, which used wedge-shaped characters. Scholars believe cuneiform was the first writing system. So although record keeping has been around for a long time, it was not until the masses became literature that it really took off. In the late nineteenth century, European and North American governments began creating even more interventions in society that made central administrations grow and compounded the increasing mass of paper. Private organizations had similar developments that gave birth to new forms of records management. This connected to F.W. Taylor's new philosophy of management based on systems and efficiency.