Ignoring Innovation & Disruption
Regardless of the banking system that is traditional threatening, established associations turn a blind eye to the disruption they’re faced with. According to a recent Finextra article, those blinds come on when individuals become decision makers in banking.
Generation X seems to be, when looking at the board members of a financial institutiononline casino that use bitcoin in usa bitcoin casino us bonus codes These individuals make up the pre-disruption generation who doesn’t like change. Moreover, since things have been going well for multiple decades, there isn’t any point in changing a winning formula and bitcoin casino no deposit bonus 2015.
That might not be true, although challenger banks are often touted to disrupt banking. Rather they’re lured in by the allure of business models. In actuality, there’s a good chance a portion of challenger banks will end up a different”flavor” of conventional banking, despite attempting to seem disruptive to the external world.
Bankers Lie At Every Turn
Bankers have a strong propensity to lie, or turn words in their favor. Than they want to admit, financial institutions are much less concerned with customersbitcasino app Independent Digital Banking Advisor Duena Blomstrom told the world, and witnessed the situation firsthand:
When we say we are building disruptive new models which will integrate money into bigger digital contexts, but we do not have the backend technology to even begin to comprehend the information, we lie. When we understand as a human, that our needs are near to fulfilled in our interaction but we spend no time seriously analyzing those needs and feelings but say we do, we lie.
Where blockchain technology in the sector is concerned that statement appears to hold a lot of merit. Banks are currently exploring technology to sound disruptive. But very few of time recognize what it requires to yield benefits or how the technology works. Developing a new blockchain will not have any impact whatsoever, and it’s nothing more than another lie.
In the end, it is important for customers and bankers to bear in mind the status quo will not hold. Change is coming, whether bankers like it or not. Consumers are currently directing these changes, and developers are currently creating the technology to accommodate these needs. The open standard, such as the Bitcoin blockchain, has become the standard.
What are your thoughts on these revelations in the world of bankers? Tell us in the comments below!
Source: Finextra
Images courtesy of Shutterstock, Business 2 Community
Source: bitcoincasinoreview.net
