marzo 28, 2017 | Posted in:Blog

Ignoring Innovation & Disruption

Despite the banking system that is conventional threatening, a blind eye turns to the disruption they are faced with. According to a Finextra article, those dividers come on.

When looking at the average board members of a financial institution, Generation X appears to be everywhere we lookignition casino bitcoin bonus bitcoin casino no deposit These people make up the generation who does not like change all that much. 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 as those to disrupt banking. Rather the appeal of tamer business models lures in them. In fact, there’s a good chance a portion of challenger banks will become a different»taste» of conventional banking, despite trying to sound disruptive to the outside world.

Bankers Lie At Every Turn

Bankers have a propensity to lie, or turn words in their favor. Than they want to admit, financial institutions are far less concerned with customers Independent Digital Banking Consultant Duena Blomstrom witnessed the situation firsthand, and told the world:

When we say we’re building disruptive new versions which will integrate money into bigger digital contexts, but we don’t have the backend technologies 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 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 financial industry is concerned, that statement seems to hold a lot of merit. Banks are researching Bitcoin technology to seem disruptive. But hardly any of time recognize how the technology works or what it requires to yield benefits. Developing a blockchain will have no impact whatsoever, and it is nothing more than another empty lie.

It is important for bankers and consumers to bear in mind the present status quo will not hold. Change is coming, whether bankers enjoy it or not. Consumers are currently directing these changes, and programmers are currently creating the technology. The standard, like the Bitcoin blockchain, is becoming the new standard.

What are your thoughts on these revelations from the world of bankers? Tell us in the comments below!

Source: Finextra

Images courtesy of Shutterstock, Business 2 Community

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