The difficult birth of e-banking
Banking is one of those industries that might have been invented for the purpose of demonstrating what electronics can do for bookkeeping, but it has taken banks an unforgivably long time to realise it. It was only last year that a group of the big banks persuaded their more conservative colleagues to set up a committee to investigate how electronics could cut down the vast amount of clerical labour in the banking system.
The committee has now reported that it is technically possible to introduce electronics from top to bottom of the banking system, but…
