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Some screens of some of the internet banking projects I was involved in the 90's.
With digital banks like Atom and Starling.... we are starting to see the green shoots of real change in terms of experience and service...
Good. We started home e-banking 1982 and Finland hade 20% of all households on netbanking when Internet arrived...
the first Electronic Banking in this Planet was implemented in Austria, Vienna, on February 16, 1981, by Citicorp's European and Latino systems groups.
The customer was Voest Alpine, the biggest steel manufacturing company in Austria.
Following the system was installed in Madrid, Dublin - Europe - and Montevideo, Santiago and Lima - South America.
Soon it was adopted by more than 100 countries.
I'll be glad to share information on that to whom is curious about the story of this saga.
Union Bank of Finland launched corporate e-banking - branded TELEUBF in 1979
For sure there was lot of "e-bankings" in the 70s.
Here in Brazil, Bradesco Bank had corporate e-banking with dedicated lines, since mid 70s.
At that time, there were also the "e-banking" phone, where you dialogued with your bank - to obtain your balance - with phone key tones.
The "Basic Cosmos" electronic banking transactions and queries were conducted through computerized systems
on the public network, via a terminal (there were no PCs at that time) in customers place and for all customers. Then customers managed its financial transactions and queries.
By the way, how TELEUBF interacted with the central data base?
Was there an integrated database to give customers full position, online, real time?
Was it on the public network?
I'm curious on that!
TELEUBF was basically a bank workstation placed on the enterprise premises - so yes real time access - using public networks. PC-banking for SMEs started in1982. It was also possible to enter transactions with phones - not only get balance information. But
the PC obviously dominated - also for private customers who widely were allowed to use workplace computers for own banking. Important as homecomputer penetration was rather low and modems even fewer. This all lead to a world record in absolute number of payments
that lasted into 2000s (Union Bank of Finland became pan-nordic Nordea Bank)
Chief Digital Officer
28 Jan 2004