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The dot-com bust isn't over yet

by Art Gillis The 2001 Edition of Automation in Banking included 31 Internet-type vendors. The 2006 Edition has 13. Is that a good sign? For the survivors, YES. When every wannabe was jumping into the space, I went public with this remark. "Internet banking is a project, not a company. What will the vendors do after every bank is on board?" So the reduction to 13 is logical, and it may go down even further. If you want to go down memory lane, here are some of the casualties: BroadVisio

by Art Gillis

The 2001 Edition of Automation in Banking included 31 Internet-type vendors. The 2006 Edition has 13.

Is that a good sign? For the survivors, YES. When every wannabe was jumping into the space, I went public with this remark. "Internet banking is a project, not a company. What will the vendors do after every bank is on board?" So the reduction to 13 is logical, and it may go down even further. If you want to go down memory lane, here are some of the casualties: BroadVision, Destiny WebSolutions, Framework, InteliData, NCR, Sumx, Netzee, Home Account Network, and others. And if you get technical about the fallout, I understand. Some of these names disappeared as a result of acquisitions, but in my mind they were salvaged from failure not success.

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