The consumer banking landscape is undoubtedly changing.

The big banks are closing down branches and adjusting business models. However, there is one bank that is way ahead of the curve. BOFI Holding (NYSE:AX) is a Internet-only bank that has seen its business boom in recent years because of its high-interest deposit products and ease of use.

However, by not having any physical branches, the bank is greatly susceptible to drastic reputation risk if it were to be a victim of a cyber attack that leaves customers unable to access funds. In this video, Motley Fool banking analyst David Hanson tells investors why the old brick-and-mortar branch may not always be a bad thing. 

David Hanson has no position in any stocks mentioned. The Motley Fool recommends BofI Holding and Wells Fargo. The Motley Fool owns shares of Bank of America, BofI Holding, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.