In the business-to-business (B2B) sector, new electronic commerce (e-commerce) initiatives like Internet-enabled supply chains and electronic marketplaces (e-marketplaces) offer firms significantly lower procurement costs, increased operating efficiencies, and expanded market opportunities....

In this opinion piece, Dr. Anthony Kirby provides a snapshot view of the current business-to-business (B2B) landscape. He outlines how first-mover advantage has become first-prover achievement and explains why so many B2B exchanges are diversifying their range of services to build customer and...

The editor asked to me write a short paper for the inaugural issue of the journal. I thought that it would be most fitting to write on the truly fundamental transformation of financial markets brought by the most important network of the last fifty years, the Internet. Technology always had an...

In today’s highly competitive environment, financial institutions will be hard-pressed to fund capital investments, system upgrades, new projects, state-of-the art infrastructures, and ultimately new products and services. They will, however, be expected to grow their businesses in the double...

For purposes of planning new avenues and possible organizational structures to address this new banking model effectively, technology vendors should consider the following statement made by an industry analyst: “Any dollar spent on technology in the future must be evaluated in terms of the...

In this, the third paper in the Economists’ Hubris series, we highlight the shortcomings of academic thought in developing models that can be used by financial institutions to institute effective enterprise-wide risk management systems and policies. We find that pretty much all of the models...

In this paper we will focus on the two problems that we feel are inherent within most financial institutions in relation to data, disparate systems and batch processing. We begin our analysis with a discussion of the problems associated with each and then describe how they might be solved in...

A discontinuity between corporate strategy and IT connectivity has denied many financial institutions the flexibility they need to respond to changing business conditions. The existing communications networks are simply unable to accommodate the needs of global financial institutions for growth...

This article examines the market forces that are driving change in the financial software market, describes the technologies that will be adopted by the next generation of financial software systems, and shows why those systems will be developed by new market entrants rather than the large...

Since 2001, Bank Vontobel, a medium-size Swiss private bank with activities in private banking, investment banking, asset management, and investment funds, has been offering its private banking clients an e-private banking application that is tailored to the specific needs of high net worth...