Financial institutions are well placed to exploit the e-commerce revolution according to specialist on-line information providers Derwent Information.
The survey focusing on British retail and banking sectors, revealed approximately 87 per cent of financial sector respondents had an e-commerce strategy compared to approximately 26 per cent of those in the retail sector.
Derwent also found financial services firms were more in tune to legislation surrounding the use of e-commerce. It found only 35 per cent of the companies polled were aware of legislation but 80 per cent of these were from a financial services background.
Derwent's managing director Mike Tansey says: "With up to 20 per cent of the global retail market capable of being captured by the internet, it's clear that financial institutions have seen the opportunity and are taking action."