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| | CSC: CSC REPORT EXPLORES CHALLENGES FOR FUTURE IN VIRTUAL FINANCIAL SERVICES May 27, 1999 |
 | | CSC's Virtual Finance report discusses the virtual future from a number of different aspects of interest to financial services firms, including distribution, the role of the broker, technology, customer relationship management and the advent of the individually tailored service, an added value for which customers are willing to pay. |
 | | The costs of computing memory and processing power have fallen by factors of a million and more over the past 20 years, and these trends are set to continue in the next decade. |
 | | Ginarlis continues, "The cost trends in financial services distribution could be depicted as a `scissors diagram.' The cost of virtual distribution continues to move downward, with the cost of physical distribution still increasing, resulting in the two lines and points of the scissors moving farther apart. |
| www.csc.com /newsandevents/news/844.shtml (727 words) |
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