Ignoring Innovation & Disruption
Regardless of the traditional banking system being threatened by the sheer quantity of innovation, established associations turn a blind eye with. According to a recent Finextra article, those blinds come on as soon as people become decision makers in banking.
Generation X appears to be when looking at the board members of a financial institutionbest online casino that accepts bitcoin bitcoin casino free witdraw These individuals constitute the generation who doesn’t like change all that much. Moreover, since things have been going well for numerous decades, there isn’t any point in changing a winning formula and bitcoin casino no deposit bonus 2015.
That might not be true, although challenger banks are often touted to disrupt traditional banking. Rather they are lured in by business models’ appeal. In actuality, there is a good chance some of challenger banks will become a different”taste” of traditional banking, despite attempting to seem disruptive to the outside world.
Bankers Lie At Every Turn
Bankers have a strong tendency flip words in their own favor, or to lie. Than they want to admit financial institutions are concerned with customersFortune Jack scam Independent Digital Banking Consultant Duena Blomstrom told the world, and witnessed the situation firsthand:
Once we say we are building disruptive new versions which 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 customer, as a human, that our needs are close to met in our interaction but we spend no time analyzing those feelings and needs but say we do.
That statement appears to hold a lot of merit where blockchain technology in the industry is concerned. Numerous banks are currently 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 have no impact whatsoever, and it’s nothing more than another empty lie.
In the long run, it is necessary for bankers and consumers to bear in mind the present status quo won’t hold forever. Change is coming, whether bankers enjoy it or not. These changes are being directed by consumers, and the technology is being created by developers. The standard, like the Bitcoin blockchain, is becoming the new norm.
What are your thoughts on these revelations in the world of bankers? Let us know in the comments below!
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