Ignoring Innovation & Disruption
Despite the traditional banking system being threatened by the quantity of innovation, associations that are established turn a blind eye to the disruption they are faced with. According to a recent Finextra article, those dividers come on.
When looking at a financial institution’s ordinary board members, Generation X seems to bebitcoin deposit not available bovada casino bitcoin casino no minimum deposit These people make up the pre-disruption generation who does not like change. 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 may not be the case, although challenger banks are often touted to disrupt banking. Rather they’re lured in by the appeal of business models. In fact, there’s a fantastic chance some of challenger banks will end up a different”taste” of conventional banking, despite trying to seem disruptive to the outside world.
Bankers Lie At Every Turn
Bankers have a propensity turn words, or to lie. Financial institutions are concerned with individual customers than they want to admitETHEREUM SWEEPSTAKES scam Independent Digital Banking Advisor Duena Blomstrom told the world, and witnessed the situation first hand:
When we say we are building disruptive new models 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 consumer, as a human, that our needs are close to fulfilled in our interaction but we spend no time analyzing those needs and feelings but say we do.
Where blockchain technology in the industry is concerned, that statement appears to hold a lot of merit. Multiple banks are researching technology to seem disruptive. But very few of time realize how the technology works or what it needs to yield results. Creating a blockchain 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 status quo won’t hold. Change is coming, whether bankers enjoy it or not. These changes are being directed by consumers, and developers are creating the technology to accommodate these needs. The open standard, such as the Bitcoin blockchain, is becoming the standard.
What are your thoughts on these revelations from the world of bankers? Tell us in the comments below!
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