Europe's Banks Putting Their Money on VoIP

Europe's banks are putting their money on voice over IP (VoIP). According to Datamonitor's September 2004 Networking in European Financial Services report, the number one long-term priority for finance-related companies in Europe is the convergence of voice and data.

And leading the pack is a major UK bank, Lloyds TSB, which on December 6 went public with plans to introduce almost 70,000 VoIP phones from Cisco Systems®, one of the largest implementations to date in Europe, as part of a £500 million (US$969 million) contract with IBM.