The all-Russian forum titled “e-5: e-banking, e-trading, e-insurance, e-commerce, e-funding”

The forum was organized by abcForum, part of Business League Communication Group. The event is supported by the International Association of Business Communicators (IABC).

The all-Russian forum “e-5: e-banking, e-trading, e-insurance, e-commerce, e-funding” is an open event for the interaction of  leaders of Russia’s stock market. The forum’s participants gather to discuss development prospects of Internet offices in Russia’s financial sector, their role in selling financial products and also factors influencing the development of Internet offices in Russia.

At the moment, all of Russia’s industries are witnessing the emergence of the Internet trading market. Financial institutions’ approach to the process of implementation and adaptation of Internet offices plays an important role in the building of Internet financial services in a tough competitive environment. The emergence of uniform standards will significantly boost sales of financial services and the loyalty of existing clients.

Financial market specialists predict that revenues from online retail banking will amount to 10% of the market by 2010. Because online banking eliminates the need for the operation of branch offices, and because of the growing number of Internet users, it can be said that Russia is advancing into the era of Internet business services.

Business development through online sales in the financial sector has a promising future in Russia and therefore requires careful attention from financial institutions.