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ARTICLE · 20 JULY 2001

236. E-Banking: KPMG 2000 Banking Tax Conference

KPMG Germany
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KPMG hosted a two day bank tax conference in Zurich in October 2000 on the central topic of e-banking. The highlights of the conference, which is held at different locations every 18 months, were as follows:

  • Iain Roche, Managing Director of Cisco Systems Inc., outlined his company's meteoric rise from nothingness to being a mainstay of the Dow Jones Index, described the factors contributing to this success, especially Cisco's corporate climate of modernity, efficiency, flexibility, and speed, and discussed two of Cisco's key e-banking customers: Citigroup (which is planning a new system to replace Citi f/i and Direct Access) and Princeton Financial Systems, which will handle trading, portfolio management, operations, and reporting through Internet networks. Mr. Roche estimated that the

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