Ignoring Innovation & Disruption
Despite the banking system being threatened by the sheer amount of innovation, a blind eye turns with. According to a Finextra article, those dividers come on when people become decision makers in banking.
When looking at a financial institution’s board members, Generation X appears to beBitcoin Casino Finder https://bitcoincasinoreview.info/ These people constitute the pre-disruption generation who does not 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 the ones to disrupt conventional banking, but that may not be true. Rather than avoiding the pitfalls of their predecessors, they are lured in by business models’ allure. In fact, there’s a fantastic chance some of challenger banks will become a different”taste” of conventional banking, despite attempting to sound disruptive to the external world.
Bankers Lie At Every Turn
Bankers have a strong tendency to lie, or flip words in their own favor. Financial institutions are far less concerned with customers than they want to admitfreeplay bitcoin casino forum bitcoin casino no deposit bonus codes 2018 Independent Digital Banking Consultant Duena Blomstrom witnessed the situation firsthand, and told the world:
Once we say we’re building disruptive new versions which will integrate money into bigger digital contexts, but we do not have the backend technologies to even begin to comprehend the data, we lie. We lie when we understand as a human, that our needs are nowhere close to met in our interaction but we spend no time seriously studying those feelings and needs but say we do.
Where blockchain technology in the industry is concerned that statement appears to hold a whole lot of merit. Multiple banks are researching Bitcoin technology to seem disruptive. But hardly any of time realize how the technology works or what it requires to yield results. Developing a blockchain out of thin air will not have any impact whatsoever, and it’s nothing more than another empty lie.
In the end, it is important for bankers and customers to bear the current status quo won’t hold forever. Change is coming, not or whether bankers enjoy it. Consumers are directing these changes, and the technology is being created by programmers. The open standard, like the Bitcoin blockchain, has become the new standard.
What are your thoughts on these revelations from the world of bankers? Tell us in the comments below!
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