Ignoring Innovation & Disruption
Regardless of the banking system being threatened by the quantity of innovation, associations that are established turn a blind eye to the disruption they’re faced with. According to a Finextra article, those blinds come on.
When looking at a financial institution’s board members, Generation X appears to be dominant everywhere we lookBitcoin casino finder best bitcoin casino usa These people constitute the pre-disruption generation who does not like change all that much. 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.
Challenger banks are often touted as the ones to disrupt conventional banking, but that might not be the case. Rather the appeal of business models that were tamer lures in them. In fact, there is a good chance some of challenger banks will become a different”flavor” of traditional banking, despite trying to sound disruptive to the outside world.
Bankers Lie At Every Turn
Bankers have a propensity flip words in their favor, or to lie. Than they want to admit, financial institutions are concerned with individual customersTrusted betchain casino Independent Digital Banking Consultant Duena Blomstrom witnessed the situation first hand, and told the world:
Once we say we’re building disruptive new models that will integrate money into bigger digital contexts, but we do not have the backend technology to even begin to comprehend the data, we lie. When we know as a consumer, as a human, that our needs are near to met in our interaction with our money holder, but we spend no time seriously analyzing those needs and feelings but say we do, we lie.
Where blockchain technology in the industry is concerned, that statement seems to hold a lot of merit. Banks are exploring technology that is Bitcoin to sound disruptive. But very few of time realize how the technology works or what it requires to yield results. Developing a new blockchain will not have any impact whatsoever, and it is nothing more than another empty lie.
It is necessary for customers and bankers to bear in mind the current status quo won’t hold. Change is coming, whether bankers like it or not. These changes are being directed by consumers, and developers are creating the technology to accommodate these needs. The standard, like the Bitcoin blockchain, is becoming the norm.
What are your thoughts on these revelations in the world of bankers? Tell us in the comments below!
Source: Finextra
Images courtesy of Shutterstock, Business 2 Community
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