China’s Predatory Lending
February 12, 2025
The usage of remote deposit capture has been increasing rapidly in the recent past. This is because the technology is convenient and also because check processing became very difficult during the lockdowns which were induced by the coronavirus pandemic. As a result, corporations were forced to deploy remote deposit capture machines in order to continue […]
There is no shortage of education in the field of finance. There are various academicians who work tirelessly in the field of finance. Many theories have been developed, and many conjectures have been disproved. Every year thousands of people graduate with finance as their major. However, most of these people are trained in the field […]
In the previous articles, we have learned that the money market is a very important market in our financial system. However, it is also important to note that the money market can have an impact on almost all other financial markets. Central banks all over the world try to control the monetary policy of their […]
The geographical boundaries drawn by nation states are blurring in the 21st century. In many parts of the world, free movement of goods, services, and even personnel have become a norm. However, strangely, the concept of credit and loans is still dependent upon national boundaries. The H1B visa system of America is a testimony to […]
Professional sports athletes play for certain sports franchises throughout the year. However, these same players also represent their nation when it comes to international events. One good example would be the FIFA World Cup. It needs to be understood that all good players such as Lionel Messi and Cristiano Ronaldo play for their respective countries. […]
With the advent of internet banking, a large part of the services that are offered by banks can be provided online as well. Therefore, a lot of entrepreneurs were of the opinion that brick and mortar banks have become obsolete in retail banking just as brick and mortar stores have become obsolete in retail sector. As a result, a lot of internet only banks came into existence.
Internet only banks do not have any physical infrastructure. Instead, they invest in high end computer infrastructure that allows them to serve their customers in better and faster ways. Many internet only banks have been granted charters in the United States in the 2000’s. They are a new breed of banks and customers are still experimenting with them.
Internet branches have their own advantages as well as disadvantages. Some of them have been listed as follows:
Security analysts have always been one step behind hackers. New and more complex techniques are routinely being developed to hack into other people’s bank accounts. As such, internet only banks do face a larger security threat.
People prefer to give money to people that they trust, people they can visit when required and be assured that their money is safe. Since internet only banks cannot provide this facility, they are lagging behind brick and mortar banks at this stage.
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