Some Ideas Die Hard: Branchless Banking for Example

Kite, Shane
November 2004
Bank Technology News;Nov2004, Vol. 17 Issue 11, p51
Trade Publication
Branchless banking has been a tough nut to crack, with flameouts like WingspanBank well publicized and many other screens going blank over the last several years. Even the most well known Internet bank survivor. Egg, has taken a few lumps, recently initiating a piecemeal sale of assets after Prudential, a majority owner, failed to secure a buyer for the whole entity. Nonetheless, a few determined Web-only banks remain committed to the space and report they're thriving, such as the on-line banking unit of insurance firm State Farm and EverBank Financial Corp.


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