Jim Bruene
Jim Bruene
Jim Bruene is a financial journalist ...
banks niche smaller
It's an interesting avenue. It's just a smaller niche than other things banks are doing.
assured bars business digital keeping money people
That's the business of banking, keeping people assured their money is safe. That's why there's vaults and bars and all that stuff. They just have to do the digital equivalent.
bank depends
Right now it's not a no-brainer to go out and say you should bank at an e-bank. It depends on what you need.
benefit greater online perceived risks worth
There were perceived risks in online trading, but the benefit was so high, it was worth it. With online banking, the risk is greater and the benefit isn't so obvious.
banks capability citibank credit huge integrate internal large offer online operations quicker reasonable relationship services smaller systems unions web
Credit unions and smaller banks were actually quicker than most large banks to offer online services because of the relationship they had with vendors and their capability to integrate web operations into their systems at a reasonable sum. A bank like Citibank had to do a huge internal thing to get the system up.
business case consumer demand enhanced finally theft
There is finally enough consumer demand and theft to make the business case (for enhanced security).