"They lost the most important asset Ask anyone on the street what they think of banks and how they behave with our money and their two most important requirements of trust and respect are rarely on the list. Add to that the technological possibilities emerging for peer-to-peer finance and we have a looming great finance disruption. No industry is immune to a revolution, not even banks.Recordar:
Like many industries the once ‘physical’ side of what banks had to produce is less and almost totally irrelevant. The security of a bank is not a function of how secure its vaults are. The vaults are now all virtual, as is the impending business model. In short, banks are in the data and trust business. Now that data has been democratised, it’s only rational to assume that new players will emerge and do what banks do. With the tools of banking now being cheap, more peer-to-peer finance will emerge within the business of traditional banking.
As with many industries, the supply chain is being shortened. People are choosing to deal direct. Why? Because we can.
Like much of the change we’ve already seen in many industries, it won’t be about a new player coming in to knock over the incumbents by doing what they do. It will happen, and is happening, in much the same way as what we’ve seen in retail, media and other industries: fragment by fragment."[Moi ici: Outra vez o lago de nenúfares]
"M-Pesa is the conduit for half of Kenya’s GDP. Credit goes from phone to phone, and that credit is a new form of money” Ping @tar1na— Esko Kilpi (@EskoKilpi) April 17, 2016
Trechos retirados de "The Great Fragmentation : why the future of business is small" de Steve Sammartino