It upgraded branch technology to allow Smith Barney brokerage customers to use the branches for making deposits to their accounts.
Branch, telecoms and technology costs are more or less the same as they are in the West.
Brazilian banks have strong branch networks and fairly sophisticated technology, installed in the days of inflation to ensure that money could be collected and invested instantaneously.
"New technology doesn't tend to substitute for branch banking but to complement it, " says Charles Calomiris, a professor at Columbia University's business school.
Finally, I believe the Committee must look into the whole manner in which the executive branch is staffing and acting upon technology security issues.
The state courts are again being the pioneers in using new technology to improve transparency and access to the judicial branch of government.
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With a constant need to upgrade technology, advertise its brand and adjust its worldwide branch network, Citi (nyse: C - news - people ) continues to struggle with keeping expense growth below revenue growth.
With the latest technology, says Cho, the bank can measure the profitability of every branch employee and customer, mine its customer database and run sophisticated risk-management and credit-analysis programs.
But Boston has added a new branch that is quite similar to San Francisco in that it attracts young technology talent that enjoys living and working in an urban setting.
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Mitek's technology increases convenience for the consumer by eliminating the need to go to the bank branch or automated teller machine, and dramatically reduces processing and customer acquisition costs while increasing customer retention.
Some estimates suggest that if current technology were used, it would take years to map the roughly 10, 000 synapses that branch from just a single neuron.
To the extent that Congress has been outspoken in its criticism of the actions of Toshiba, Imhausen and others whose technology transfers have added new security burdens to those already borne by Western taxpayers, the legislative branch should prove a forceful ally in bringing about such corrective actions.
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