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FirstCaribbean International Launches E-Banking Service

by Amanda Banks, Tax-News.com, London

24 January 2005

FirstCaribbean International Bank has claimed to be the first bank to launch internet and telephone banking services to its customers across all the countries in its network.

The new services will give all FirstCaribbean customers the ability to view their balances across all types of accounts, including chequing, savings, loans and time deposits, in any location across the bank’s regional network.

Part-owned by Barclays Bank PLC, the bank has an asset base worth some US$9 billion, and operates in 26 Caribbean islands including Anguilla, Antigua, The Bahamas, Barbados, Belize, The British Virgin Islands, The Cayman Islands, Dominica, Grenada, Jamaica, St Kitts & Nevis, St Lucia, St Maarten, St Vincent and the Grenadines and The Turks & Caicos Islands.

The bank has invested $50 million in a state-of-the-art technology platform and expects to be able to offer internet and telephone service wire transfers and bill payments later in 2005.

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