Ignoring Innovation & Disruption

Regardless of the banking system that is traditional threatening, institutions that are established turn a blind eye with. According to a recent Finextra article, those dividers come on as soon as people become decision makers in banking.

When looking at the board members of a financial institution, Generation X seems to be dominant everywhere we lookmost reputable bitcoin casino best online casino that accepts bitcoin These individuals make up the generation who doesn’t like change all that much. Moreover, since things have been going well for numerous decades, there is no point in changing a winning formula and bitcoin casino no deposit bonus 2015.

That might not be true, although challenger banks are often touted as the ones to disrupt banking. As opposed to avoiding the pitfalls of their predecessors, they are lured in by the allure of business models. In fact, there is a fantastic chance some of challenger banks will become a different”taste” of conventional banking, despite trying to sound disruptive to the external world.

Bankers Lie At Every Turn

Bankers have a strong tendency to lie, or turn words in their own favor. Than they want to admit, financial institutions are concerned with individual customersCloudBet scam Independent Digital Banking Advisor Duena Blomstrom told the world, and witnessed the situation firsthand:

Once we say we are building disruptive new versions that will integrate money into bigger digital contexts, but we don’t have the backend technologies to even begin to understand the data, we lie. When we understand as a human, that our needs are near to fulfilled with our money holder in our interaction, but we spend no time analyzing those feelings and needs but say we do, we lie.

That statement appears to hold a whole lot of merit where blockchain technology in the industry is concerned. Numerous banks are currently exploring technology that is Bitcoin to seem disruptive. But hardly any of time realize how the technology works or what it requires to yield benefits. Creating a new blockchain will have no impact whatsoever, and it’s nothing more than another empty lie.

It is necessary for customers and bankers to bear the current status quo will not hold. Change is coming, not or whether bankers enjoy it. Consumers are 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 in the world of bankers? Let us know in the comments below!

Source: Finextra

Images courtesy of Shutterstock, Business 2 Community

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