Asia is behind in bank technology
Article Abstract:
Banks in Asia are lagging behind their counterparts in the US and Europe in terms of technology. James Fiorillo, an analyst at ING Baring Securities, added that Asian banks are also less sophisticated as compared to banks in Latin America, since most of them lack the complicated computer systems called for in running banks. Daiwa Bank, for instance, paid highly for its lack of high-technology when bond trader Toshihide Iguchi was found hiding trading losses through the bank. Daiwa then turned to IBM to make its computer systems in-line with modern banks and the move is expected to be followed by other Asian banks sooner.
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Asia: Banks are lagging behind their counterparts in the US & Europe in terms of technology
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Asia is behind in bank technology: Daiwa Bank turns to IBM for expertise in computerization
Article Abstract:
Most Asian banks are behind Western and Latin American banks in terms of computerization. Banks like Daiwa Bank are turning over computerization efforts to experts like IBM. Daiwa's move is likely to be followed by other banks seeking to regain competitiveness in the global markets. Asian banks have remained largely labor-intensive and are now under deregulation pressure that computerization could serve as a means of solving some of their problems.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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On-line services in Japan make personal banking less personal
Article Abstract:
Some banking institutions in Japan are now offering electronic banking in an attempt to cut operating costs. Bank clients with personal computers may use electronic banking services and enjoy the benefits of faster and more accurate transactions. The introduction of these new services allows the financial institution to assign more employees to work on other financial products.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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