The Challenges Facing Traditional Financial Markets
Traditional financial markets are facing challenges on an unprecedented scale. Most are overly regulated and too complicated to adapt to new technologies quickly enough. Furthermore, existing giants have no incentive to adopt new and - in their eyes - unproven technologies. To them the potential gain appears marginal at best, while the level of uncertainty and the investments required are substantial.
The result? More cost effective and efficient ways to deliver everyday services to every corner of the world are slow to arrive, if they arrive at all.
What’s most striking, and regrettable, is that nowhere in this decision making process are the needs of users considered. Traditional financial market players prioritise only their own potential risks and gains.