UBINET, the Worldwide Network of the Union Bank of Switzerland

Abstract

The first four chapters outlined the reasons why high technology affects banking, while — at the same time — the sophistication of banking services calls for further advances beyond the frontiers of current knowledge. Within this highly competitive environment which is in steady evolution, a financial institution finds it necessary to invest in communications and in computers in order to preserve its biggest assest. The biggest assets of a bank are not in its balance sheet. They are its customers, its people and its technology.