Ignoring Innovation & Disruption
Regardless of the banking system being threatened by the sheer amount of innovation, established associations turn a blind eye with. According to a Finextra article, those blinds come on as soon as individuals become decision makers in banking.
When looking at a financial institution’s average board members, Generation X appears to bebitcoin lottery casino review bitcoin lottery casino review 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 true, although challenger banks are often touted to disrupt banking. Rather they’re lured in by the allure of business models that were tamer. In actuality, there’s a good chance some of challenger banks will end up a different”flavor” of traditional banking, despite attempting to seem disruptive to the external world.
Bankers Lie At Every Turn
Bankers have a tendency to lie, or flip words. Than they need to admit, financial institutions are far less concerned with individual customersbitcoinpenguin app Independent Digital Banking Consultant Duena Blomstrom witnessed the situation firsthand, and told the world:
Once we say we are building disruptive new versions that will integrate money into larger digital contexts, but we do not have the backend technology to even begin to comprehend the information, we lie. When we know as a human, that our needs are near to met in our interaction with our cash holder, but we spend no time seriously studying those needs and feelings but say we do, we lie.
That statement appears to hold a lot of merit where blockchain technology in the financial industry is concerned. Multiple banks are currently exploring Bitcoin technology to seem disruptive. But very few of time realize how the technology works or what it requires to yield benefits. Creating a new blockchain will not have any impact whatsoever, and it is nothing more than another lie that is empty.
It is necessary for bankers and customers to bear the present status quo won’t hold. Change is coming, whether bankers enjoy it or not. Consumers are directing these changes, and the technology is being created by programmers. The open standard, like the Bitcoin blockchain, is becoming the new norm.
What are your thoughts on these revelations from the world of bankers? Tell us in the comments below!
Source: Finextra
Images courtesy of Shutterstock, Business 2 Community
Source: bitcoincasinoreview.info
