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Industry e-scare

Fear is the main force driving financial services industry e-business investment, according to the Confederation of British Industry.

The CBI&#39s latest survey with PricewaterhouseCoopers claims the industry is “grappling with the extent of the challenges presented by e-business and what exactly its response should be.”

Of the 179 companies responding December survey 89 per cent had an internet strategy, but key sectors including banking were slow to realise the importance of e-business.

PwC senior banking partner Angus Hislop says the industry is afraid of being left behind and invests in e-business as “an act of faith”.


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