CeBIT 99: Bank Technology

Published: 19 March 1999 y., Friday
The CeBIT exhibition sector on banking technology with its state-of-the-art presentations of new and innovative hardware and software products and services is an international meeting place for financial service providers, their customers and anyone else interested in banking. In previous years, every sixth CeBIT visitor attended this sector of the exhibition.
On show at CeBIT 99 are:
Banking systems
Cash processing machines
Fixtures and technical equipment for banks and savings banks
Complete solutions for loans and credit banking
Financial services
These technologies support the new directions in which banking is headed, confronted as it is with the myriad requirements of the different branches of industry. The structural changes taking place in financial markets are bringing about new forms and dimensions of the bank of the future. New directions of major banks and banking groups, especially the recent mergers, are creating an unprecedented combination of product and technology know-how and sales power that can be handled only by a combined influx of capital. Innovation processes in information and communications technology are opening up new sales channels independent of any time-space constraints. This development is tempting non-banks to enter the banking business to offer financial services. It is not yet possible to foresee to what extent this will affect conventional banks and their customers. Nevertheless financial service providers in Germany and Europe are having to come to terms with new market demands and new competition. Here the driving force is the breathtaking development of information and communications technology, exemplified by the Internet. The explosive increase in networking is drastically changing the face of customer relations. The banking technology sector will be centred on a special display entitled BANK-FINANZ-SYSTEME, featuring solutions, guided tours, forums, and a service centre.
Šaltinis: CEBIT
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Financial sector: preventing the next crisis

New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed. more »

Russia's accession to WTO and China's role in world economy were discussed in Vilnius

On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy. more »

Globalisation fund: Budgets Committee backs aid to Spain and Ireland

2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday. more »

Commission rewards Europe's best green businesses

Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment. more »

Fisheries reform: firm backing for research but differing views on quotas

The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday. more »

First JESSICA fund loan agreement signed with Lithuania’s Šiaulių bankas

The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas. more »

Estonia's euro

Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January. more »

'Polluter pays' principle for banks

Commission proposes a bank tax to cover the costs of winding down banks that go bust. more »

Strong EIB support for new energy investments in Greece

The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery. more »

The promotion of the electric vehicle in Europe, under examination

European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals. more »