Prominent Investment Banker Says Banks Will Be Irrelevant Soon
At Silicon Republic’s Inspirefest 2017, Hazel Moore, the chairman and co-founder of international investment bank FirstCapital, stated that banks are completely wasting valuable customer data. She revealed how banks are struggling to digitalize their services and products by embracing smartphones, big data and emerging financial technologies. Banks and....
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Comptroller of the Currency Thomas J. Curry, who heads an independent department in charge of supervising all U.S. national banks, stated in a speech April 7 at the American Banker Retail Banking Conference that “it’s important that regulators are open to the changes that are underway in both technology and business practices,” according to prepared remarks shared with Bitcoin Magazine. The comptroller signalled a shift in attitudes toward fintech regulations, an umbrella term used to describe companies or services that use a combination of finance and technology, with Bitcoin being the....
Highlighting the considerable limits of traditional banking systems, a former banker has placed XRP at the top of payment services in the financial sector, predicting that cryptocurrency will disrupt the payments industry. Bold XRP Prediction By Financial Expert In a rather lengthy X (formerly Twitter) post, ex-banker and financial expert, Kyren made a controversial prediction […]
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