Ignoring Innovation & Disruption
Despite the banking system that is traditional threatening, a blind eye turns with. According to a Finextra article, those dividers come on when individuals become decision makers in banking.
Generation X seems to be dominant everywhere we look when looking at the ordinary board members of a financial institutionbitcoinpenguin rating These individuals constitute the pre-disruption generation who doesn’t like change all that much. 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.
Challenger banks are often touted as those to disrupt traditional banking, but that may not be true. As opposed to avoiding the pitfalls of their predecessors, they are lured in by the allure of tamer business models. In fact, there is a fantastic chance some of challenger banks will end up a different”flavor” of traditional banking, despite attempting to seem disruptive to the external world.
Bankers Lie At Every Turn
Bankers have a propensity flip words in their favor, or to lie. Financial institutions are concerned with individual customers than they want to admitCryptogames site Independent Digital Banking Advisor Duena Blomstrom witnessed the situation firsthand, and told the world:
Once we say we are building disruptive new versions which will integrate money into bigger digital contexts, but we don’t have the backend technologies to even begin to understand the data, we lie. When we know as a human, that our needs are nowhere near to fulfilled with our cash holder in our interaction, but we spend no time seriously studying those needs and feelings but say we do, we lie.
Where blockchain technology in the financial industry is concerned, that statement appears to hold a whole lot of merit. Numerous banks are researching technology that is Bitcoin to seem disruptive. But hardly any of time realize what it needs to yield results or how the technology works. Creating a blockchain out of thin air will have no impact whatsoever, and it’s nothing more than another empty lie.
It is necessary for bankers and consumers to bear the present status quo won’t hold. Change is coming, not or whether bankers like it. Consumers are directing these changes, and the technology to accommodate these requirements is being created by programmers. The open standard, like the Bitcoin blockchain, has become the norm.
What are your thoughts on these revelations in the world of bankers? Tell us in the comments below!
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