A report by Ernst & Young, the accountancy and consultancy firm, claims that the number of financial services using the Internet to process transactions is rising rapidly. The research has found that around 13% of the 130 financial services companies surveyed in 17 countries are using the Internet for customer transactions. Ernst & Young predict the financial services industry will play a leading role in Internet innovation; by 1999 Internet transactions are forecast to increase to 60%.
Ernst & Young: 0171 928 2000
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