Dr Chris Kotze, CEO of
FNB Online, opened the 2nd day of the
World Wide Web Applications Conference.
He described online banking as the baby of the channels, mobile banking an even younger. More than 150, 000 "banking" users daily. 12-15K new users every month. 35 million transactions monthly. So the Internet is moving R90 billion per month. 150,000 new products sales per annum. Almost 1 million visits
www.fnb.co.za per week. When Internet banking falls over, the rest of the bank cannot cope.
Number of positive drivers of online banking usage is starting to outweigh the negatives. For corporates
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