virtual bank
bank only accessible electronically a financial institution that offers banking services via the Internet, ATMs, and telephone but does not have a physical location for customers to visit
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bank only accessible electronically a financial institution that offers banking services via the Internet, ATMs, and telephone but does not have a physical location for customers to visit
The UK ring-fencing proposal is an attempt to separate out investment banking from commercial banking in a way that flies in the face of the universal banking model popular in continental Europe and throughout many emerging markets. The Volcker Rule under Dodd–Frank, which virtually eliminates
By Brian Caplen
Players of online role-playing games with cash economies, such as Entropia Universe and Second Life, have the option to set up interest-bearing accounts, which they use to deposit their virtual salaries, pay virtual bills or lend virtual cash via the virtual banks.
By Saku Oikarinen
A structured investment vehicle, or SIV, is a limited-purpose operating company or “virtual bank” that undertakes arbitrage activities by purchasing mostly highly rated medium- and long-term fixed-income assets. These assets are funded though the issue of short-term, highly rated commercial paper
They can do this through a number of ways: by creating convenient and secure micropayment transactions for social media platforms, by setting up virtual banks, by providing technology and know-how for virtual currencies management and by selling risk and liquidity management solutions to peer
By Thomas Rideg
Definitions of ’virtual bank’ and meaning of ’virtual bank’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’virtual bank’ and other financial terms with our online QFINANCE Financial Dictionary.