If you have any questions, please call us on 01923 249 700

Ignoring Innovation & Disruption

Regardless of the conventional banking system threatening, associations that are established turn a blind eye to the disturbance they’re faced with. According to a recent Finextra article, those blinds come on when people become decision makers in banking.

When looking at a financial institution’s average board members, Generation X seems to be everywhere we lookBitcoincasino.us rating These people constitute the pre-disruption generation who doesn’t like change. 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.

Challenger banks are often touted as the ones to disrupt traditional banking, but that might not be the case. Rather the appeal of business models that were tamer lures in them. In actuality, there’s a good chance some of challenger banks will become a different”taste” of conventional banking, despite attempting to seem disruptive to the external world.

Bankers Lie At Every Turn

Bankers have a tendency flip words, or to lie. Than they need to admit financial institutions are concerned with individual customersBetcoin site Independent Digital Banking Consultant Duena Blomstrom told the world, and witnessed the situation first hand:

Once we say we’re building disruptive new models that will integrate money into larger digital contexts, but we do not have the backend technology to even begin to comprehend the data, we lie. When we know as a customer, as a human, that our needs are close to met in our interaction with our cash holder, but we spend no time analyzing those feelings and needs but say we do, we lie.

Where blockchain technology in the financial industry is concerned that statement seems to hold a lot of merit. Multiple banks are currently researching technology that is Bitcoin to seem disruptive. But hardly any of time recognize what it requires to yield benefits or how the technology works. Creating a new blockchain will not have any impact whatsoever, and it’s nothing more than another empty lie.

It is important for bankers and customers to bear the current status quo will not hold forever. Change is coming, whether bankers like it or not. These modifications are being directed by consumers, and developers are currently creating the technology to accommodate these requirements. The open 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!

Source: Finextra

Images courtesy of Shutterstock, Business 2 Community

Source: bitcoincasinoreview.net

QUICK ENQUIRY FORM

By using this form you agree with the storage and handling of your data by this website.

I would like to receive promotional emails and offers

© UNITEL DIRECT LTD 2018. WEBSITE DESIGNED BY UNITEL DIRECT LTD | FIND A TRADE ON THE TRADE FINDER | FIND A BUSINESS ON BUSINESS INTERNET FINDER | FIND US ON THE NAME OF REGISTER | VIEW OUR PRIVACY POLICY