The user friendly, easy to navigate, secure, fully electronic platform will offer a broad menu of banking, investment, trading, financial advisory, trust and global custody and e-commerce services. Electronic banking facilities will be made available starting 1st January 2000 and the other services referred to here above will be added in the course of the first quarter 2000.
BCB has consistently been first among the Bermuda banks to introduce the new technology now sweeping the industry worldwide, said Mr. Deuss. BCB introduced BCB Gold over three years ago, the first electronic cash management system in Bermuda. New back office systems completed recently permit "straight through processing" of banking transactions. Over 1,500 accounts are now being managed remotely on a real time basis through the BCB Gold electronic banking system. The launch today of the e-banking division builds on this position of strength to offer, in addition to BCB's traditional banking services, a full menu of electronic banking, investment and trading services. BCB's e-banking division will operate as a joint venture between BCB and its major shareholder First Curacao International Bank. A comprehensive, low cost, automated offshore financial services facility will operate 24 hours a day, 7 days a week. Mr. Deuss said that the BCB electronic platform will provide an "online gateway to financial services".