Jim Bruene Quotes (5 Quotes)

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.

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.

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.

There is finally enough consumer demand and theft to make the business case (for enhanced security).

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.