My job is to deliver what needs to be delivered in a very short time frame, so we send a message to the industry that we can do things, that we're not dinosaurs and can move quickly," says Catherine Allen, CEO of the Banking Industry Technology Secretariat (BITS), an arm of The Bankers Roundtable.

Allen isn't wasting any time making good on her appointment as CEO. In the eight months since BITS convened in April last year, she has dug the foundations for what could be the global standards for electronic commerce and, incidentally, proven that even the financial services industry can work together when it has to.

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