Definitely lipstick on pig.
Banks are trying to do just enough to stay relevant in today's world. The banking world is ripe for disruption.
Topic: [2016-09-05] MIT Report: Blockchain for Banks - New Era or Lipstick on Pig? (Read 370 times)
September 07, 2016, 11:39:59 AM
September 06, 2016, 11:05:24 AM
Banks are the dinosaurs of our times.
They have a very cozy relationship with regulators and have kept out competition so far.
But as Jamie Dimon said long ago... "Silicon Valley is coming... "
They have a very cozy relationship with regulators and have kept out competition so far.
But as Jamie Dimon said long ago... "Silicon Valley is coming... "
September 06, 2016, 04:39:33 AM
This is a must read! 
Could rapid innovation in the fintech space lead to the end of banks as we know them? A recent report from Massachusetts Institute of Technology (MIT) titled Digital Banking Manifesto: The End of Banks explores these possibilities.
As Mark Mullen, the Chief Executive of Atom, said in 2015:
Read more here
https://cointelegraph.com/news/mit-report-blockchain-for-banks-new-era-or-lipstick-on-pig
Could rapid innovation in the fintech space lead to the end of banks as we know them? A recent report from Massachusetts Institute of Technology (MIT) titled Digital Banking Manifesto: The End of Banks explores these possibilities.
As Mark Mullen, the Chief Executive of Atom, said in 2015:
Quote
“Banks are trying to be cool and hip and build super cool digital front ends. But it’s like putting lipstick on a pig - ultimately it’s still a pig and the new front end is still running into an awful digital back end."
Read more here
https://cointelegraph.com/news/mit-report-blockchain-for-banks-new-era-or-lipstick-on-pig
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