Mining bitcoin and the like demands more and more power for juggernaut computers. And gives central governments leverage over decentralized currencies.
Innovation can help the global banking industry maintain its momentum through difficult times, says Finacle executive Haragopal Mangipudi.
With the need for innovation greater than ever, financial institutions can take practical steps to foster innovative thinking within their organizations.
As banking becomes more global, innovative products and services can spring from any corner of the globe, as recognized by the BAI-Finacle Global Banking Innovation Awards.
The need for innovation in banking is global as financial institutions everywhere struggle to restore and reinforce bonds with their customers, according to an international panel of bankers.
Finacle executive Haragopal Mangipudi explains why the banking industry today needs innovation to carve out new paths to profitability.
While bankers often talk about innovation, walking the walk is tough given all the sacred cows blocking the road.
Rather than fighting a rearguard action against proposed new capital standards, bankers should accept the requirements, roll up their sleeves and get back to core innovation.