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Financial Services well placed to exploit internet

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&#39s managing director Mike Tansey says: &#34With up to 20 per cent of the global retail market capable of being captured by the internet, it&#39s clear that financial institutions have seen the opportunity and are taking action.&#34

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