Ignoring Innovation & Disruption

Regardless of the banking system that is conventional threatening, a blind eye turns with. According to a recent Finextra article, those dividers come on when individuals become decision makers in banking.

Generation X appears to be when looking at the average board members of a financial institutionBitcoin Casino – https://bitcoincasinoreview.info These people make up the pre-disruption generation who does not like change. Moreover, since things have been going well for numerous decades, there isn’t any point in changing a winning formula and bitcoin casino no deposit bonus 2015.

That may not be true, although challenger banks are often touted as the ones to disrupt banking. Rather than avoiding the pitfalls of the predecessors, they’re lured in by the appeal of business models. In actuality, there’s a good chance a portion of challenger banks will end up a different »taste » of traditional banking, despite trying to sound disruptive to the outside world.

Bankers Lie At Every Turn

Bankers have a strong tendency flip words in their favor, or to lie. Financial institutions are concerned with customers than they want to admit1Xbit Casino review Independent Digital Banking Advisor Duena Blomstrom told the world, and witnessed the situation first hand:

When we say we are building disruptive new versions which will integrate money into bigger digital contexts, but we don’t have the backend technology to even begin to comprehend the data, we lie. When we know as a human, that our needs are near to fulfilled with our money holder in our interaction, but we spend no time seriously 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 whole lot of merit. Multiple banks are exploring Bitcoin technology to seem disruptive. But hardly any of time recognize what it requires to yield results or how the technology works. Developing a blockchain will not have any impact whatsoever, and it’s nothing more than another lie.

In the long run, 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 enjoy it. These modifications are being directed by consumers, and developers are creating the technology. The open 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

Source: bitcoincasinoreview.net