Dao Heng Bank to develop corporate internet banking with Octasoft

Independent survey says that most Hong Kong businesses will be ready for online banking in the next 12 months.

Elton Cane

September 19, 2000

Asian banks have generally been a bit slow in offering their services online, and while most banks now offer online functionality for retail customers, there are few that have successfully exploited the potential for serving corporate customers over the internet. Dao Heng Bank hopes to realize its plans for the business-to-business B2B sector by the end of the year, and has signed a partnership with e-finance software vendor Octasoft to develop a corporate banking solution for its customers.

The Hong Kong-based bank, part of the Guoco Group, has offered a retail banking service called e-banking since April this year and executive director James Eng says it is time to...

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