Bankers Lie At Every Turn 777Coin app

Ignoring Innovation & Disruption

Regardless of the banking system being threatened by the sheer amount of innovation, institutions that are established turn a blind eye to the disturbance they are faced with. According to a recent Finextra article, those blinds come on.

When looking at a financial institution’s board members, Generation X appears to be everywhere we lookbitcoin casino no deposit bonus 2016 bitcoin casino usa legality These individuals make up 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.

Challenger banks are often touted as those to disrupt banking, but that might not be the case. Rather they are lured in by the allure of business models. In actuality, there is a good chance a portion of challenger banks will become a different”flavor” of traditional banking, despite trying to sound disruptive to the external world.

Bankers Lie At Every Turn

Bankers have a propensity flip words, or to lie. Financial institutions are far less concerned with individual customers than they want to admita href=””>zigzag777 app Independent Digital Banking Consultant Duena Blomstrom witnessed the situation first hand, and told the world:

When we say we are building disruptive new models which 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 understand as a human, that our needs are near to fulfilled with our cash holder in our interaction, but we spend no time studying those feelings and needs but say we do, we lie.

That statement appears to hold a whole lot of merit where blockchain technology in the financial sector is concerned. Banks are currently researching Bitcoin technology to sound disruptive. But very few of time recognize how the technology works or what it needs to yield benefits. Developing a blockchain out of thin air will have no impact whatsoever, and it is nothing more than another empty lie.

In the long run, it is important for customers and bankers to keep the status quo won’t hold forever. Change is coming, whether bankers enjoy it or not. Consumers are directing these modifications, 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 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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