Implementing Networks in Banking and Financial Services [Hardcover]

The objective of this book is to provide banks and the financial industry at large with an analysis of what is and what is not a network at their service. The background to the book is electronic banking, and the foreground brings into perspective what has been done by forward-looking financial industries and the benefits they have achieved. While banking is today an industry, it cannot be satisfactorily compared to other industries as it operates too much by its own rules. Examples in the text have therefore been restricted to banking only and, more precisely, to the four generations of online financial networks which have evolved over the past twenty years in Japan. This book is a study addressed to the management of financial institutions. Computers and communications technologists will also gain from it both insight and foresight.Foreword - High Technology in Banking: A Strategic Perspective - The Role of Money: From Coins to Electronics - Generations of Online Systems - Rethinking the Telecommunications Network - Four Generations of Payment Systems in Japan - Top Performers of Japanese Banking Industry - National Payment Systems and Integration Perspectives - Advanced Networking Solutions by American Banks - Artificial Intelligence and Expert Network Systems - Using Computers for Online Auditing - Security in Financial Networks - IndexAuthor Dimitris N. Chorafas: Dimitris N. Chorafas served on the faculty of the Catholic University of America and as Visiting Professor at Washington State University, George Washington University, University of Vermont, University of Florida, and Georgia Institute of Technology in the United States, as well as the University of Alberta, Technical University of Karlsruhe, Ecole d'Etudes Industrielles de l'Universit? de Gen?ve, Ecole Polytechnic F?d?rale de Lausanne, Polish Academy of Sciences and Russian Academy of Sciences. More than 8,000 banking, industrial and government executives participated in his seminars in the United StlƒG