Only a few pure-play virtual banks failed by 2003 due to lack of financial viability.

Name: Only a few pure-play virtual banks failed by 2003 due to lack of financial viability.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

By 2003, many pure-play virtual banks had failed due to a variety of reasons including lack of financial viability, difficulty in acquiring customers, and the bursting of the dot-com bubble which led to a reevaluation of many internet-based business models.

Only a Few Pure-Play Virtual Banks Failed by 2003 Due