Ignoring Innovation & Disruption

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

When looking at a financial institution’s board members, Generation X seems to be everywhere we lookbitcoin casinos for us players top bitcoin casinos for us players These people constitute the 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 may not be the case, although challenger banks are often touted to disrupt banking. Rather the appeal of business models that were tamer lures in them. In actuality, there is a fantastic chance some of challenger banks will end up a different”taste” of conventional banking, despite trying to sound disruptive to the external world.

Bankers Lie At Every Turn

Bankers have a propensity to lie, or flip words. Than they need to admit financial institutions are much less concerned with customersbitcoin casino software prices online casino that use bitcoin Independent Digital Banking Advisor Duena Blomstrom witnessed the situation first hand, and told the world:

When we say we are building disruptive new versions which will integrate money into larger digital contexts, but we do not have the backend technology to even begin to understand the information, we lie. When we know as a human, that our needs are close to met in our interaction with our money holder, but we spend no time analyzing those feelings and needs but say we do, we lie.

Where blockchain technology in the sector is concerned, that statement seems to hold a lot of merit. Banks are researching technology to seem disruptive. But hardly any of time realize what it requires to yield benefits or how the technology works. Creating a blockchain will not have any impact whatsoever, and it’s nothing more than another empty lie.

In the long run, it is necessary for customers and bankers to bear the status quo will not hold forever. Change is coming, not or whether bankers enjoy it. These changes are being directed by consumers, and developers are creating the technology. The standard, like the Bitcoin blockchain, has become the norm.

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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