Ignoring Innovation & Disruption
Despite the traditional banking system threatening, established associations turn a blind eye to the disruption they’re faced with. According to a recent Finextra article, those dividers come on.
When looking at a financial institution’s board members, Generation X seems to bebuy bitcoin casino software bitcoin casino use free spins 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 to disrupt banking, but that may not be true. As opposed to avoiding the pitfalls of their predecessors, they are lured in by the appeal of business models that were tamer. In fact, there’s a fantastic chance a portion of challenger banks will end up a different”flavor” of conventional banking, despite attempting to sound disruptive to the external world.
Bankers Lie At Every Turn
Bankers have a tendency to lie, or flip words. Than they want to admit financial institutions are far less concerned with individual customersIn launching bitcasino scam Independent Digital Banking Advisor Duena Blomstrom told the world, and witnessed the situation first hand:
Once we say we’re building disruptive new versions that will integrate money into larger digital contexts, but we do not have the backend technologies to even begin to understand the information, we lie. When we know as a consumer, as a human, that our needs are near to met in our interaction but we spend no time seriously studying those feelings and needs but say we do, we lie.
That statement appears to hold a whole lot of merit where blockchain technology in the industry is concerned. Numerous banks are currently exploring technology to seem disruptive. But very few of time recognize how the technology works or what it requires to yield results. Developing a blockchain out of thin air will have no impact whatsoever, and it is nothing more than another lie.
It is necessary for customers and bankers to keep the status quo will not hold forever. Change is coming, not or whether bankers enjoy it. Consumers are currently directing these modifications, and programmers are currently creating the technology. The open 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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