Herr Zurich.com

Private banks are beginning to offer electronic services to increasingly tech savvy clients.

Start talking to someone about private banks and among the first things that spring to their mind would likely be Switzerland, walnut panelling and pin striped suits. Stereotype, sure, but it illustrates a perception in which there could be a grain of truth û that private banks are all about old money and donÆt have much to do with the ônew economyö.

With many banks this is, in fact, quite true, but others are gradually coming to terms with the impact technology is having on their business and determining strategies for dealing with it successfully. There are a few different factors driving change in the private banking industry. Besides the technology and what it...

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