Dictionary

Bank - Online

From the Collaborative Bond and Money Market Data Portal

Online banking, or Direct banking, is a new concept of delivering banking services to consumers through direct channels, as opposed to a multi-channel concept normally seen in 'traditional' banking. Direct banking operates without the need of physical space and instead uses online banking, mobile banking, ATM networks and even mail to engage with customers.

The first Direct bank was established in the early 1990s as technology became widely adopted in different sectors, which facilitated the creation of a variety of direct banks. Some Direct banks offer online savings accounts, and compared to 'traditional' banking, they are able to offer higher interest rates as they do not face costs that traditional banks would (i.e. rent, utilities ...).

In the Collaborative Bond and Money Market Data Model the Online Bank Industry Sector appears within the Industry Sector Type: Bank. Accordingly, this entity has a specific banking license from the regulator in its home jurisdiction.

CMDportal uses industry sector classifications both at the Legal Entity level, as well as at the Group level. At the Legal Entity level the entity is classified by their actual industry activity. Accordingly, we classify an issuer of Asset Backed Securities that is part of an online bank as an ABS type issuer at the entity level but at the group level as for example a "Bank – Online.”

Based on available data, on the 14th of September 2020 the size of the Online Bank Bond Market at entity level was USD1.4trn equivalent. At the group level the size of the market was USD1.4trn equivalent.

For information on issues in Online Bank Bond Market, please use CMDportal's instrument search tool.

 

For information on the size of the Online Bank Bond Market, please use CMDportal's data sheet tool.
 

For information on the composition of the Online Bank Bond Market, please use CMDportal's issuer search tool.
 

For information on active dealers in the Online Bank Bond Market, please use CMDportal's dealer search tool.
 

For information on active investors in the Online Bank Bond Market, please use CMDportal's investor search tool.