Ignoring Innovation & Disruption
Despite the quantity of innovation threatening the conventional banking system, a blind eye turns to the disturbance they are faced with. According to a Finextra article, those dividers come on as soon as people become decision makers in banking.
When looking at the ordinary board members of a financial institution, Generation X seems to be dominant everywhere we lookgrand fortune casino bitcoin bitcoin casino codes fre spins 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.
Challenger banks are often touted to disrupt banking, but that may not be the case. Rather the allure of business models lures in them. In actuality, there is a fantastic chance a portion of challenger banks will become a different”taste” of traditional banking, despite trying to seem disruptive to the external world.
Bankers Lie At Every Turn
Bankers have a tendency to lie, or turn words. Financial institutions are concerned with individual customers than they need to admit1Xbit Casino rating Independent Digital Banking Advisor Duena Blomstrom told the world, and witnessed the situation first hand:
When we say we are building disruptive new models that will integrate money into larger digital contexts, but we do not have the backend technology to even begin to understand the data, we lie. When we understand as a customer, as a human, that our needs are close to fulfilled with our cash holder in our interaction, but we spend no time analyzing those feelings and needs but say we do, we lie.
Where blockchain technology in the financial industry is concerned that statement seems to hold a lot of merit. Numerous banks are exploring Bitcoin technology to seem disruptive. But hardly any of time realize what it needs to yield benefits or how the technology works. Developing a blockchain from thin air will have no impact whatsoever, and it is nothing more than another lie that is empty.
It is necessary for customers and bankers to bear in mind the status quo will not hold. Change is coming, whether bankers enjoy it or not. Consumers are directing these modifications, and developers are creating the technology. The standard, such as the Bitcoin blockchain, is becoming the norm.
What are your thoughts on these revelations from the world of bankers? Tell us in the comments below!
Images courtesy of Shutterstock, Business 2 Community