Commercial banks are far ahead of other businesses in preparing for the predicted worldwide computer snarls at the turn of the century, experts told a Senate panel Thursday.

More than 70% of banking and other financial services companies are taking corrective steps, while only one-third of U.S. companies and government agencies can say the same, Larry Martin, president of consulting firm Data Dimensions Inc., told Senate Banking's technology subcommittee.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.