I'm sure it will come, but at the moment I still see LC documents and I still sign them. Wilkinson is more frank than most bankers about his bank's development of Internet services in trade finance. I don't think that's the case. We want to make sure that we get it right. Wilkinson sees the ultimate role of the Internet as a facilitator to, not a replacement for, essential banking services, at least until more advanced systems are devised.
Credit scoring is credit evaluation done by computer rather than banking personnel.
But banks are long way to creating a foolproof system. And that's what banks are doing at the moment. The arrival of the Internet has had the effect of making bankers more creative in their approach to the business. With new pressures on margins, the good news is that bankers are more willing to do innovative deals that are structured to strip some of the risk out of transactions in volatile markets. More crucial to the decision is where the funds will go to, and the source of repayment.