J.P. Morgan Calls for New Phase in Banking Technology - Echo E-Business White Paper 2009

London, United Kingdom, May 19, 2009 --(PR.com)-- Banking technology must respond to the economic crisis – by replacing the need for speed with automation, real-time information and analysis, according to J.P. Morgan. This comes as part of Echo E-Business’s E-Business Evolution 2009 White Paper, which was launched this week. The banking giant believes that the economic crisis has ushered in a new phase for e-business in banking. With fewer transactions taking place, banks must now use technology and innovation for protection and compliance, rather than speed.

Echo E-Business’s E-Business Evolution 2009 White Paper was developed to gauge the future of business over the web. It brought together leading figures from some of the biggest names in business: John Lewis Direct; J.P. Morgan; PricewaterhouseCoopers; Cancer Research UK; and Linden Lab, creator of Second Life.

“The recession is still tightening its grasp on our markets, and the banking sector has suffered more than most,” said Deborah Collier, managing director of Echo E-Business. “For both the investment and retail banking sectors, the imperative for speed has been replaced with a need for clear reporting and real-time transparency.”

To download a copy of Echo E-Business’s E-Business Evolution 2009 White Paper, go to http://www.echoebusiness.com/ebusiness_evolution_2009.html.

If you would like to speak to Deborah Collier about the White Paper or the future of e-business, please contact 0208 123 6357

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