E-finance and cross-border transactions

The barriers to cross-border e-finance may be greater than those in domestic transactions, but financial institutions are already leaping over those barriers to grow the infrastructure for international Internet-based finance. Those barriers - from jurisdiction and intellectual property issues to economic barriers, such as "cost of market access" - are discussed. Current developments are examined. Many challenges lie ahead as financial services companies adapt to the latest technological challenges. The uncertainty surrounding e-finance is likely to continue for some time until the pace of technological change levels out and until the domestic and international legal framework catches up with the new questions and challenges of global e-business.