Events
European Banks invest in mechanical accounting
or punch card machinesWorld first: Bank of America use a computer for accounting ERMA
(Electronic Recording Method of Accounting)£1,050,000 worth of Computer ordered by Barclays, Coutts,
Lloyds, Midland, Westmister, Bank of ScotlandThe first ATM’s deployed in Sweden and the UKSociete Generale is able to process a whole 68% of
Banking Transactions by computerTelephone banking in the UK and “online banking” using modem links
to view statements, transfers, and bill paymentsFirst Direct becomes the first fully functional telephone bank
with no branch infrastructureFinancial Services are putting up brochure-ware websites to
guide customers to their services and branchesAccount services start being added to banking websitesING Direct offers full online bankingSMS banking emerges from Fokus Nettbank in NorwayTrade execution by computers down to several seconds per trade
based on algorithmic tradingUK Banks start offering Mobile Banking and AppsMoneyFarm and Nutmeg launchFixnetix reduce trade execution down to nanoseconds
(0.0000000001 of a second)Dataminr launches "News Based Trading"
turns social media streams into actionable trading signalsBrewin uses first bot....Banking has been a known function for 3000 years...
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