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ArtikelRetail Renaissance  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 403 no. 8785 (May 2012), page S3-S4.
Topik: Retail Banking; Technology Adoption; Electronic Banking; International
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.71
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelFor all the high hopes that the Internet would transform banking, most other Internet banks launched around that time met with a similar fate. Citi f/i, an online bank started by Citigroup, was folded back into its parent in 2000. NetBank, an American pioneer of internet banking, soldiered on for longer than most but was shut down by banking regulators in 2007. On the other side of the Atlantic, Egg, Britain's first stand-alone internet bank, shook the market in 1999-2000 when it gained more than 2m customers within months of starting up. But within a few years it, too, had in effect disappeared, its customers having been sold first to Citigroup and then to Barclays and the Yorkshire Building Society. It was an ignominious end to a bold experiment in online banking that had caused palms to sweat in banking centres around the world. Except in a very few rich countries, there are 10-20% more banks today on main streets the world over than there were a decade ago. Instead of superseding banks, the internet has simply made them a little more convenient. Conventional banks have added internet banking, mobile banking and even video banking to their offering. Yet all the while they have expanded their branch networks.
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