Banking system is a dinosaur trying to evolve and keep pace with crypto

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pmbug

pmbug

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Core banking services providers play key roles helping depository institutions (DIs) offer instant payments. Specifically, core providers process transactions in real time and connect DIs to instant payments system operators, upgrade customer-facing solutions, and facilitate open banking and embedded finance. As the United States implements instant payments systems, the market structure surrounding core providers may evolve, and competition between fintechs and DIs for end users may intensify.
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www.kansascityfed.org

The Role of Core Banking Services Providers in Facilitating Instant Payments

Core banking services providers play key roles helping depository institutions (DIs) offer instant payments. Specifically, core providers process transactions in real time and connect DIs to instant payments system operators, upgrade customer-facing solutions, and facilitate open banking and...
www.kansascityfed.org www.kansascityfed.org

Retail banking is facing irrelevance in the cashless future.
 
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