Fairex Barter System On Wolf Spirit Radio | March 12, 2017 | Win Keech discusses the Fariex Barter system | Blogger: A barter system is an old method of exchange. This system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return. Today, bartering has made a comeback using techniques that are more sophisticated to aid in trading; for instance, the Internet. Barter, is something India would kill for, since cashless economy has been partly implemented... Denmark and Scandinavia is forcing cashless society, but driving forces like financial darwinism and the dawn of the Digital Banking Superstore is more likely to happen here.. Extinction can occur in a variety of ways: failure to evolve in a changing climate, environment or ecosystem; an unintended consequence of human progress; or due to a one-off cataclysmic event. With ecosystem-disrupting regulation such as PSD2 hitting the banking industry, new customer demands changing the climate, technology delivering ever-accelerating progress, and the seismic impact of new entrants hitting the industry, no wonder banks have been labelled as dinosaurs – ripe for extinction – in this survival of the fittest. But then the realisation dawned; banks still had the customers, were adept at handling regulation and had significant experience and financial clout. All they need to do is evolve quickly enough in order to survive and even prosper. Around late 2015, the conversation around PSD2, FinTechs, banks, Open APIs, Smart Data and instant payments had begun to reach a consensus that collaboration, co-creation and connected solutions could be the future of finance. When the Greenwich report, The Future of Banking: 2025 – Rise of Digital Banking Superstores, dropped midway through 2016, not only was this viewpoint consolidated but the descriptor “digital banking superstore” entered common parlance. The idea of digital banking superstores posits that collaboration is inevitable between banks, external providers and thirds parties. Customer demands and expectations will dictate which new services are developed and integrated into the final, user-facing solution. Banks retain their place in the food chain by becoming increasingly like tech and IT companies and by turning their platforms into agile plug-and-play hubs that deliver the optimum, smart solutions in a one-stop-shop for customers.. |

Published on Mar 12, 2017
2017-03-12 Ever Beyond - Win Keech: FairEx Barter, 

Babylonian System, Maldek Origin