Banking on a profit
- Topics:
- Commercial Banking,
- Electronic Banking
- Tags:
- Bank,
- Banking,
- Business Model,
- Dot-com,
- Financial Services,
- Internet,
- Knowledge,
- Management,
- Strategy
- Source:
- Infoworld.lead with knowledge
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Overview: IN AN ERA when business models based on the Internet are being shunned, companies that are turning a profit online really stand out. One such company is VirtualBank, a provider of online financial services over the Internet, servicing employees at companies such as EMC, Compaq, Worldcom, and Textron Financial. This article covers an an interview with InfoWorld Editor in Chief Michael Vizard, VirtualBank CTO John Studdard that says what it takes to build a bank in less than 10 months and what it takes to keep it running in the black. It defines about the basic concept of banking on profit like: As a dot-com startup, how long have you been profitable, and what accounts for that profit? What is the business model? and what services are offered in virtual banks?
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Format: HTML | Date: Sep 2001 | Pages: 1
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