Archive for the ‘Direct Banks’ Category
Rakuten [wikipedia Site] is a highly popular Japanese shopping destination online, where you can get anything, from laptops to shoes to travel, you name it. Now they are adding their own bank in 2010.
The aggregated model exemplified by Rakuten works well in Japan, and the addition of banking is one more innovation for traditional banks to contend with.
TOKYO, Jun 04, 2009 (Kyodo News International – McClatchy-Tribune Information Services via COMTEX) — Internet mall operator Rakuten Inc. said Thursday it will rename its Internet banking unit eBANK Corp. as Rakuten Bank before late June 2010.
Researched by Nobuyo Henderson
Things are beginning to happen.
Richard Branson is to launch an internet bank in a move designed to exploit public disgust with Britain’s big banks in the wake of the credit crunch.
Branson follows Tesco, which is also planning to capitalise on disenchantment with traditional banking via a big push into financial services.
This is a fascinating statistic, especially when we see that the income levels of the participants are 50% higher than the average.
The survey of 1,032 Internet households found the average age of an direct-banking user is 47.8, with an average income of $99,200 a year – compared to the average online banking user who is 52.1 and earns $60,300 annually