The ability to open and process information stored on one computer on other computers within a bank, a group of institutions and, in the broadest sense, beyond, regardless of the operating system in question (the ability to import and export data without requiring major rework between operating systems). – In the financial sector, there has been a very strong push for systems integration across Europe – and worldwide – which has led to significant cost reductions for institutions. – The ability to preserve and transfer acquired social security rights from one private, occupational, or public social security scheme to another without any disadvantage like the loss of contributions and benefits. – The ability to retain the phone number or account number if the customer switches to another service provider or bank. – When Dresdner Bank merged with Commerzbank in 2008, all Dresdner Bank customers were promised account portability by the Board of Managing Directors. This promise subsequently proved to be associated with unforeseen, extraordinarily high expenses. – See bank merger year, German, ICT-using sectors, information assurance, infrastructure providing, interoptability, IT risks.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/