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Ignoring Innovation & Disruption
Regardless of the conventional banking system being threatened by the quantity of innovation, associations that are established turn a blind eye with. According to a Finextra article, those dividers come on.
When looking at a financial institution’s average board members, Generation X appears to be. These people constitute the pre-disruption generation who does not like change all that much. Moreover, since things have been going well for multiple decades, there is no point in changing a winning formula and bitcoin casino software for sale create free bitcoin casino.
Challenger banks are often touted as the ones to disrupt banking, but that may not be the case. Rather they are lured in by the allure of business models. In actuality, there’s a good chance some of challenger banks will end up a different»flavor» of traditional banking, despite trying to sound disruptive to the external world.
Bankers Lie At Every Turn
Bankers have a strong tendency to lie, or flip words. Than they need to admit financial institutions are concerned with individual customers. Independent Digital Banking Consultant Duena Blomstrom witnessed the situation first hand, and told the world:
Once we say we are building disruptive new models which will integrate money into bigger digital contexts, but we don’t have the backend technology to even begin to comprehend the information, we lie. We lie when we know as a human, that our needs are close to fulfilled in our interaction but we spend no time seriously studying those needs and feelings but say we do.
That statement appears to hold a whole lot of merit where blockchain technology in the financial sector is concerned. Multiple banks are researching technology that is Bitcoin to sound disruptive. But very few of time realize what it requires to yield results or how the technology works. Creating a new blockchain will not have any impact whatsoever, and it is nothing more than another lie.
It is necessary for bankers and customers to keep in mind the current status quo won’t hold forever. Change is coming, whether bankers like it or not. Consumers are directing these modifications, and developers are creating the technology to accommodate these needs. The open standard, such as the Bitcoin blockchain, is becoming the new standard.
What are your thoughts on these revelations in the world of bankers? Tell us in the comments below!
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