Ignoring Innovation & Disruption
Regardless of the banking system that is traditional threatening, a blind eye turns with. According to a Finextra article, those blinds come on as soon as people become decision makers in banking.
When looking at a financial institution’s board members, Generation X seems to bebitcoinpenguin app These people constitute the generation who does not like change all that much. Moreover, since things have been going well for multiple decades, there isn’t any point in changing a winning formula and bitcoin casino no deposit bonus 2015.
That may not be true, although challenger banks are often touted as the ones to disrupt banking. As opposed to avoiding the pitfalls of the predecessors, the allure of tamer business models lures in them. In fact, there’s a good chance a portion of challenger banks will end up a different”flavor” of conventional banking, despite trying to seem disruptive to the external world.
Bankers Lie At Every Turn
Bankers have a strong propensity to lie, or flip words. Than they need to admit financial institutions are much less concerned with customersbitcoin online casino bonuses bitcoin casino free spins usa Independent Digital Banking Consultant Duena Blomstrom witnessed the situation first hand, and told the world:
When we say we are building disruptive new versions that will integrate money into larger digital contexts, but we do not have the backend technologies to even begin to understand the information, we lie. When we know as a human, that our needs are nowhere near to met with our cash holder in our interaction, but we spend no time seriously analyzing those feelings and needs but say we do, we lie.
That statement seems to hold a whole lot of merit where blockchain technology in the financial industry is concerned. Numerous banks are exploring technology to sound disruptive. But very few of time recognize how the technology works or what it requires to yield benefits. Creating a new blockchain will not have any impact whatsoever, and it is nothing more than another lie.
In the end, it is necessary for customers and bankers to bear in mind the current status quo won’t hold forever. Change is coming, whether bankers enjoy it or not. These modifications are being directed by consumers, and developers are currently creating the technology to accommodate these needs. The open standard, such as the Bitcoin blockchain, is becoming the standard.
What are your thoughts on these revelations from the world of bankers? Let us know in the comments below!
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