Strategic Business Analysis Virtual Banks

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Table of Contents Table of Contents 1 1. PEST ANALYSIS: Virtual Banking Technology 3 1.1 Overview 3 1.2 Political Factors 3 1.3 Economical Factors 5 1.4 Social Factors 7 1.5 Technological Factors 8 1.6 Conclusion 9 2. Macro Analysis: Impact of Virtual banking on U.S. banking industry 10 2.1 Overview 10 2.2 Rivalry 11 2.3 Entry and Exit Barriers 14 2.4 Threat of Substitution 15 2.5 Bargaining Powers of Buyers and Suppliers 16 2.6 Conclusion 17 3. The Future of Virtual Banks 18 3.1 Overview 18 3.2 Evaluation of Nexity Virtual Bank Strategies 18 3.3 SWOT Analysis: Virtual Banks 20 3.3.1 Strength 20 3.3.2 Weakness 20 3.3.3 Opportunities 21 3.3.4 Threats 23 3.4 Conclusion 24 4. Innovations: Banking Technology 25 4.1 Overview 25 4.2 Mobile Banking 25 4.3 Security Hybrid 27 APPENDICES 32 Appendix 1.a 33 U.S. Banks Financial Reports (1992 – 1999) 33 Appendix 1.b 34 U.S. Banks Financial Reports (2000 – 2007) 34 Appendix 2.a 35 Nexity’s Performance and Condition Ratio Reports (2000 – 2007) 35 Appendix 2.b 36 Nexity’s Assets, Liabilities and Deposits (2000 – 2007) 36 Appendix 2.c 36 Nexity’s Assets and Deposits Growth (2000 – 2007)* 36 Appendix 3 37 WORLD INTERNET USAGE AND POPULATION STATISTICS 37 References 38 Bibliography 42 1. PEST ANALYSIS: Virtual Banking Technology 1.1 Overview The virtual banking industry was based primarily on the confidence of web based banking technology by the consumers and the authenticity of the virtual banks. The industry had constant changes to regulations and technology which projected a very dynamic industry. Virtual banks had to read into the changes to stay relevant and sustainable. Virtual banking services which had been deployed since 1980 by Bank ONE of Columbus, Ohio (DARLIN, D., 1997) added tremendous growth to 1,130 banks (YOTHER,

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