Ignoring Innovation & Disruption

Despite the banking system being threatened by the sheer quantity of innovation, institutions that are established turn a blind eye with. According to a Finextra article, those blinds come on as soon as individuals become decision makers in banking.

Generation X appears to be everywhere we look when looking at the average board members of a financial institutiontop 10 bitcoin casino sites bitcoin casino best bonus These people make up the pre-disruption generation who does not like change all that much. Moreover, since things have been going well for multiple 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 to disrupt traditional banking. Rather than avoiding the pitfalls of the predecessors, the allure of tamer business models lures in them. In actuality, there is a good chance a portion of challenger banks will end up a different »flavor » of traditional banking, despite trying to seem disruptive to the external world.

Bankers Lie At Every Turn

Bankers have a strong tendency turn words, or to lie. Than they need to admit financial institutions are concerned with individual customersreviews casino account registration casino review 888casino bitcoin Independent Digital Banking Advisor Duena Blomstrom witnessed the situation firsthand, and told the world:

When we say we are building disruptive new versions that will integrate money into bigger digital contexts, but we do not have the backend technologies to even begin to comprehend the information, we lie. We lie when we know as a human, that our needs are nowhere close to fulfilled in our interaction but we spend no time seriously analyzing those needs and feelings but say we do.

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

It is important for customers and bankers to bear in mind the status quo won’t hold forever. Change is coming, not or whether bankers like it. Consumers are directing these changes, and programmers are creating the technology to accommodate these requirements. The standard, such as the Bitcoin blockchain, is becoming the new 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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