Ignoring Innovation & Disruption
Regardless of the traditional banking system being threatened by the sheer quantity of innovation, institutions that are established turn a blind eye with. According to a recent Finextra article, those dividers come on.
Generation X appears to be everywhere we look when looking at the board members of a financial institutionusa online bitcoin casino bitcoin casino with faucet These people constitute the generation who does not 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.
Challenger banks are often touted to disrupt conventional banking, but that might not be the case. Rather they’re lured in by business models’ appeal. In actuality, there’s a good chance some of challenger banks will become a different”taste” of traditional banking, despite attempting to sound disruptive to the outside world.
Bankers Lie At Every Turn
Bankers have a strong propensity to lie, or flip words. Than they want to admit, financial institutions are concerned with customerscryptogames site Independent Digital Banking Consultant Duena Blomstrom witnessed the situation firsthand, and told the world:
When we say we are building disruptive new versions which will integrate money into larger digital contexts, but we do not have the backend technologies to even begin to understand the information, we lie. 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 analyzing those needs and feelings but say we do.
That statement seems to hold a lot of merit where blockchain technology in the financial industry is concerned. Banks are exploring technology to sound disruptive. But hardly any of time recognize what it requires to yield results or how the technology works. Creating a new blockchain will not have any impact whatsoever, and it’s nothing more than another empty lie.
In the long run, it is important for consumers and bankers to bear the status quo won’t hold forever. Change is coming, whether bankers like it or not. Consumers are currently directing these modifications, and programmers are creating the technology to accommodate these requirements. The 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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