This is not surprising. It could be more and faster in the near future. Perhaps, if they do not take action right now, it could be less than 10 years that half of the bank on the planet will disappear. Even if the banking or financial industry take fintech as their best friend, those people that are employed by the industry still lose their job due
Aha ha ha! Now the tech people seems to be praised by the banking sector. I remember back in the late 90's that they are pursuing the techies like I never seen it before. But the paradigm has changed. The number of people who understand the blockchain technology is limited. The reason is not only the banking sector but also other sector as well sin
Aha ha ha! Every country in the world now start to experiencing problem. Seems to me that the Mediterranean area is the biggest hit for the last couple of years. Malta, Cyprus, Greece and now Tunisia. They will ask IMF and World Bank for another loan I presumed. It seems common in the area to prevent total default of their debts. Who's next? Italy
... the central bank has focused on a single goal: to reduce and stabilize inflation. Yeah right! Economy doesn't grow without an inflation according to them. If the inflation is 0% that's mean the growth is stagnant. Think about this: How in the world the federal reserve can keep almost 0% interest, but retail banks charge 5% plus for mortgage an
Isn't it kinda late to have a job opening right now while everyone else in the developed country already has one? Is England lacks of talent so they have to make this kind of announcement? Why don't they join the other consortium and create a common platform for everyone. But of course, by the time the do it, bitcoin economy is already far ahead of
I heard lots of things about this DLT stuffs, but none of them mention what kind of protocol that they will be using. So, I consider all of that as "vaporware". Moreover, even if they manage to implement this private blockchain system, it will only be to cut cost by cutting lots of people from their jobs and do not pass such cost to their customer.
Yup! Do you think that the new generations want to waste their time to sit down for more bullshit on their lives with these meatballs who are about to collapse anyway. They value their time and want to use it to their full extent. This evolution will continue and banks or financial institutions are facing the pressure from all sides where technolog
Aha ha ha! This is just on the paper. In reality, there is nothing to be proud about. When you can't print your own helicopter money, the balance sheet make the difference. High revenue with less output despite those meatballs big boys relocating to Ireland will not solve the current dilemma of deficit. Yes, they take new money in with tax holiday
It won't change. The economic slowdown is also affecting Korea. The problem is most of the youngster are not capable to be integrated into the new type of jobs. As President Park mentioned last year, she wants most of industry and company integrated or trained the millennials into their corporate style organization. Of course the jobless claim is s
In the next 10 years, 30 percent of banking jobs could be obsolete, according to a recent Citi GPS report. This statistic from Citigroup's report makes an assessment of the potential impact of fintech on the global banking industry.