Ignoring Innovation & Disruption
Despite the banking system being threatened by the sheer amount of innovation, established institutions turn a blind eye with. According to a Finextra article, those dividers come on.
When looking at the board members of a financial institution, Generation X appears to be dominant everywhere we lookbitcoin casino software for sale create free bitcoin casino These people constitute the generation who does not like change. Moreover, since things have been going well for numerous decades, there is no point in changing a winning formula and bitcoin casino no deposit bonus 2015.
That might not be the case, although challenger banks are often touted as those to disrupt conventional banking. Rather they’re lured in by the allure of business models that were tamer. In fact, there is a fantastic chance some of challenger banks will end up a different”flavor” of traditional banking, despite trying to sound disruptive to the external world.
Bankers Lie At Every Turn
Bankers have a propensity flip words, or to lie. Than they want to admit, financial institutions are concerned with customerscasinos bitcoin casinos reviews bitcoin casinos & gambling Independent Digital Banking Advisor Duena Blomstrom witnessed the situation firsthand, and told the world:
When we say we’re building disruptive new versions that will integrate money into larger digital contexts, but we do not have the backend technology to even begin to comprehend the information, we lie. We lie when we know as a consumer, as a human, that our needs are nowhere near to met in our interaction but we spend no time seriously studying those needs and feelings but say we do.
Where blockchain technology in the financial sector is concerned, that statement seems to hold a whole lot of merit. Numerous banks are currently researching technology to sound disruptive. But hardly any of time realize what it requires to yield results or how the technology works. Developing a blockchain out of thin air will not have any impact whatsoever, and it’s nothing more than another empty lie.
In the long run, it is important for consumers and bankers to keep the status quo will not hold. Change is coming, whether bankers enjoy it or not. Consumers are currently directing these changes, and the technology to accommodate these needs is being created by developers. The standard, such as the Bitcoin blockchain, has become 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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