It is very hard for land-based banks to start an online-only bank.
More Quotes from Alenka Grealish:
To some degree, there's a lot of hoopla around socio-economic data. And banks still buy into that They want to know what's the average house price being built here.Alenka Grealish
The math on the savings is pretty clear. You could do it on the back of an envelope. What you have here is almost a case of people wanting a product before it's even there.
Alenka Grealish
If you look at companies with multiple bank accounts, the community bank may not have the whole account base. The bank can win that base by offering remote deposit capture. Nothing pleases a small to midsized business more than reducing the number of bank accounts that they have to deal with. It simplifies things. There's one bank bill and one balance sheet to keep track of.
Alenka Grealish
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