Spanish banks closed for online business

WatchMouse research reveals most Spanish Internet banks struggle to offer reliable access to customers

Madrid, January 10, 2006 - Only one out of 31 Spanish banks offering Internet banking, has a login page available 100% of the time. Added to this, only 5 of the Internet banks' login pages monitored meets the regular industry availability standards.

This is the conclusion of a research by WatchMouse, one of the fastest growing companies in the Netherlands, and winner of the Deloitte Rising Star award in 2005. The company has been monitoring the Internet banking portals of the main Spanish banks for 2 months, and has found them to be well below acceptable service standards.

"One of the primary aims of Internet banking is 24 hour, 365 day access to account information. Sadly, Spanish customers are finding that this is far from the case. One bank's online banking portal login page was even unavailable 11 percent of the time - which inevitably means poor service for its clients", says Mark Pors, CTO at WatchMouse. "Customers of this bank have no guarantee they will be able to access their money when they need to make an urgent transfer."

Of the 31 banks whose sites were monitored, only BBVA's login page was 100% available. An uptime of 99.9% is seen as the minimum acceptable level, but 80% of the banks were unable to offer that.

Caja Cantabria has the worst performing online banking portal, showing downtime equivalent to more than 3 days over the 2-month testing period (11 percent of the time). Banco Urquijo was second worst, with a total downtime of more than one day over the testing period.

As a comparison: the main US brokers, such as Morgan Stanley, Cititrade and Wellsfargo all have 100% uptime, which provides a benchmark for availability in the financial world.

WatchMouse monitored the 31 Spanish banks' websites continuously from November 6, 2005 until January 5, 2006. Every 5 minutes, one of WatchMouse's test stations tried to access the login pages of the bank's Internet banking portals, which are expected to load within 8 seconds, without any errors.

Besides the Internet banking portals, WatchMouse also checked the availability of the home page of each Internet bank, plus 19 other banks that don't offer Internet banking. Of these 50 homepages in total, none had a homepage with 100% availability and only 11 of the 50 are meeting industry standards.

A complete overview of results can be found on http://www.watchmouse.com/availabilityindex/2006/banks-es.php

About WatchMouse

Companies can easily monitor their own Internet sites using WatchMouse's monitoring service. WatchMouse has been monitoring Internet sites and e-commerce applications for companies throughout the world since 2002. WatchMouse has thousands of customers in more than 70 countries. The services supplied by WatchMouse are available in eight languages, and analyses are performed from various locations and over numerous networks, using a world-wide monitoring network.

Further information can be found at: www.watchmouse.com.