Opening the door to offshore online

There is little doubt that the internet has revolutionised the entire communication system. Banking, particularly for expatriates, relies on communication in one form or another; offshore banks have therefore been quick in joining the communication bandwagon. Banking is an industry that is based on intensive information, and transactions can normally be undertaken without any physical exchange. These components have made banking an ideal passenger for the internet. However, internet banking has had to go through hard times and failures and, as with any new venture, there have been setbac...