Research: Banks Unprepared For Digital Disruption
Banks are not prepared for the wave of disruption from digital companies seeking to capture the financial market, according to new research. In a survey of senior executives from the UK's retail banking and wealth management sectors, digital innovation agency Adaptive Lab found that legacy technology and rapidly changing consumer behaviour were hampering innovation. Commenting on the findings, James Hayock, managing director at the firm, noted the disruptive potential of bitcoin's distributed ledger:
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