28 July 2017
Dharmesh Mistry

Future Banking

Dharmesh Mistry - Temenos

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20 years of internet banking....

17 March 2017  |  4875 views  |  5

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... 

 

Internet Banking from the 90's TagsMobile & onlineInnovation

Comments: (5)

Bo Harald
Bo Harald - ZEF, Transmeri, Real Time Economy Program - Helsinki Region | 17 March, 2017, 15:56

Good. We started home e-banking 1982 and Finland hade 20% of all households on netbanking when Internet arrived... 

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João Bohner
João Bohner - Independent Consultant - Carapicuiba | 22 March, 2017, 13:35

 

@Dharmesh,


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.

joao.bohner@gmail.com

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Bo Harald
Bo Harald - ZEF, Transmeri, Real Time Economy Program - Helsinki Region | 22 March, 2017, 16:19

Union Bank of Finland launched corporate e-banking - branded TELEUBF in 1979

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João Bohner
João Bohner - Independent Consultant - Carapicuiba | 22 March, 2017, 20:00


@Bo Harald,

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!

joao.bohner@gmail.com

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Bo Harald
Bo Harald - ZEF, Transmeri, Real Time Economy Program - Helsinki Region | 22 March, 2017, 20:32

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)

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