Paul McWeeney, Bank of The Bahamas International’s managing director, has served notice that the institution aims to become “like the Bank of Bermuda is” to this nation through upgrading its systems to firmly establish electronic banking by year-end.
The bank believes its introduction of a wide range of electronic banking services willenhance efficiency and convenience for its customers, and its move to “fast track” the plan will incorporate most existing products.
In a seminar for customers and shareholders to explain how it was responding to globalisation, Bank of The Bahamas International said it also hoped to implement a platform that would allow its customers to access their accounts in this nation through Automatic Teller Machines (ATM’s) in foreign countries by the end of 2003 or the beginning of next year, although clients would have to pay a withdrawal fee for using the ATM.
Vaughn Delaney, Bank of The Bahamas International’s technology manager, said the institution was also looking at whether it could provide a one stop shop for payments on American Express credit cards.
Source: The Tribune
