Am sensing a great wind blowing the banking sector due to the new innovation in the financial system, if the transactions will be less of cash will the banks still offer their services because people have been going to banks to aquire loans and withdraw cash, but when people come to realize that this new system is easy and safe they will no longer use banks, that's where the worry comes from, will the banks still stand and operate in that situation.
How do you vote?
It has to adapt with the dynamics in the financial sector in order to remain in business with some customers. Evolution is inevitable and the banking sector has be part with this new Changes taking place around the world.
added by Anonymous 1440 days ago
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I think the they need to decreese the bank fees a lot in order to continue exist in future. Now the bank fees are huge, they even increase them in last 3 years.
added by 1000005505 1589 days ago
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They will not stay the same indeed. They will follow the wagon and adapt. Some of them are already creating their own digital versions. It's the way to go
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added by Anonymous 1589 days ago
It is imposible because they used to operate while issuing paper money but right now we are heading in cashless economy where by only techinical team will be oparating only.
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added by Anonymous 1589 days ago