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The Technology Implications of E-commerce for Financial Institutions


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mThink Knowledge - Posted on 14 January 1999

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Authored by: 
Clive Freeman;
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IBM
The 20th century was the centuryof globalisation of industries, as Japan competed with Jakarta, New York with Tokyo. Now, in the 21st century, we face the beginning of the next wave: the virtualisation of commerce, through e-commerce. Few would deny its arrival, with projections for trade through e-commerce over the next five years ranging from $50bn to $800bn.
The 20th century was the centuryof globalisation of industries, as Japan competed with Jakarta, New York with Tokyo. Now, in the 21st century, we face the beginning of the next wave: the virtualisation of commerce, through e-commerce. Few would deny its arrival, with projections for trade through e-commerce over the next five years ranging from $50bn to $800bn.
About the Author
Title: 
Consultant to IBM Global Banking Industry
IBM
Clive spent many years with IBM as a technicalarchitect specialising in retail bankingdelivery systems. He recently joined BarclaysBank to focus on e-business infrastructure.

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