Fintech on Blockchain is rapidly upsetting the financial sector. The speed and extent of this interruption will depend mainly on the use of the new economy by users. People have talked, everyone is tired of blacks & nbsp; boxes, and we want to be the only ones to determine how much we pay for the transfer of information and finances between us.
Why long and expensive transfers of money / assets / information with the participation of several intermediaries through multi-layered systems? We do not wait days to send urgent mail all over the world. We expect technology to work for us. So why should we accept long time for cross-border payments? Could it be a question of trust?
Perhaps, we still rely on traditional banks to provide advice, security or resolution of disputes. We rely on banks to protect ourselves to ensure that the counterparty meets the obligations. Banks are seen by government institutions as guarantors for the protection of our rights and contractual agreements.
But the problem remains; the banks are slow in solving our problems and this slows down the markets. & nbsp; & nbsp; Time costs money and, in order to validate one another, we are paying & nbsp; huge commissions & nbsp; to third parties & nbsp; for & nbsp; this process. Anonymity does not exist, but we want to understand that those we deal with go through a clear verification procedure to provide the legitimacy of the transactions.
An interesting company that aims to offer a change in the way banking is done Platio. It claims to be one of the first fully licensed companies that aims to provide the full range of services in its multi-asset banking system. The function of Platio is banking as a service and his & nbsp; CFO, Irina Berkon definitely has clear ideas about where blockchain and fintech are going.
"The future is in blockchainization and tokenization of the financial sector, Blockchain is the most convenient environment in which AML regulation can be applied All transactions have records of reliable tracks The wide spread of blockchain in the financial sector It leads to self-regulation of the financial system and to the best option for further developments, says Berkon.
Now, let's not confuse the blockchain with unregulated cryptographic transactions. Legality and regulation of all transactions is required. As soon as the business is converted into cash, regulation must intervene.
Could a bank be a holistic force for the good in your life?
For people in their early and mid-twenties, when they reflected on their parents' lives, though full of admiration to put in place what they had to get where they wanted to go, they felt that tomorrow is never guaranteed, c & # 39; it's a little bit more emphasis on life in the moment while it is still planning and saving for the future.
The idea that a bank can be part of it, instead of being the nightmare they tend to be, with awkward opening times and bureaucracy at will is very intriguing. Now, when I previously said that there is a wider sense of carpe diem with millenials, I do not mean frivolously. Rather, however, they seem to invest more in wellness.
Millennials perhaps willingly invest 20 minutes of their precious time in a TED speech, in the remote possibility that it can inspire us or change our perspective. A criticism aimed at forty-year-olds like me would be that we will never worry about listening to someone who is not known to be an expert on the subject, to talk about it. We would be full of questions like: "Why should I listen to him?" Or "What do you know about something?"
Moreso in today's social media world, where most of us seem so connected … but only on the surface, they are really quite alone. Once again, the idea of connecting emotionally to a bank is really quite radical. Moreover, a bank that goes further and tries to connect to like-minded people or to a community, also to help them reach their full potential, their authentic self.
With other apps and online banking systems, like the success of Revolut, clearly there is a huge gap in the market that is full of desire. Mazlow it aims to help promote excellence and help people in their twenties reach their full potential by not only being a bank, but also a mentor on their journey through life. To embark with them on their personal development journey.
Having been an entrepreneur from an early age, initially in the Sports & amp; The entertainment sectors and more recently as ambassador of a Blockchain technology company, Mazlow founder Kash Amini, said that he came to realize that consumers are looking for more than just a product or service.
"What is missing from most companies, and in particular finance, is a focus on authenticity and an investment in aesthetics that will cultivate and foster an emotional connection between the product or service and the end-user. the consumer himself ".
Mazlow claims to have paved the way for the theory of the hierarchy of needs, the apex of the life of every human being – to be his own authentic self. They promise to help people become their authentic self by helping them grow their community in a way that feels supported enough to succeed. Although it may seem like the dream of a millennium, we struggle to see how speeches and a community can really lead to growth and so-called self-realization.
Always looking ahead, Mazlow also offers users access to 5 cryptocurrencies – & nbsp; which is presumably the next big financial and banking horizon. Designed by a veteran business owner, Mazlow is certainly promising and is definitely an original idea, but it remains to be seen if they can actually deliver everything they promise. A personal touch is certainly necessary in the cold world of banking, but the catering for the specific niche of millennials could totally come back. After all, everyone wants to reach their potential, however, if financial health could really lead to general well-being it might be a little stretched.
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Fintech on Blockchain is rapidly upsetting the financial sector. The speed and extent of this interruption will depend mainly on the use of the new economy by users. People have talked, everyone is tired of black boxes, we want to be the ones who determine how much we pay for the transfer of information and finances between us.
Why long and expensive transfers of money / assets / information with the participation of several intermediaries through multi-layered systems? We do not wait days to send urgent mail all over the world. We expect technology to work for us. So why should we accept long time for cross-border payments? Could it be a question of trust?
Perhaps, we still rely on traditional banks to provide advice, security or resolution of disputes. We rely on banks to protect ourselves to ensure that the counterparty meets the obligations. Banks are seen by government institutions, as guarantors for the protection of our rights and contractual agreements.
But the problem remains; the banks are slow in solving our problems and this slows down the markets. Time costs money and, in order to validate one another, we are paying huge commissions to third parties for this process. Anonymity does not exist, but we want to understand that those we deal with go through a clear verification procedure to provide the legitimacy of the transactions.
An interesting company that aims to offer a change in the way banking is done is Platio. It claims to be one of the first fully licensed companies that aims to provide the full range of services in its multi-asset banking system. The function of Platio is banking as a service and his CFO, Irina Berkon certainly has his clear ideas on where they are going blockchain and fintech.
"The future is blockchainization and tokenisation of the financial sector: Blockchain is the most convenient environment in which AML regulation can be applied. All transactions have reliable track records. The wide spread of blockchain in the financial sector leads the self-regulation of the financial system and the best option for further development, says Berkon.
Now, let's not confuse the blockchain with unregulated cryptographic transactions. Legality and regulation of all transactions is required. As soon as the business is converted into cash, regulation must intervene.
Could a bank be a holistic force for the good in your life?
For people in their early and mid-twenties, when they reflected on their parents' lives, though full of admiration to put in place what they had to get where they wanted to go, they felt that tomorrow is never guaranteed, c & # 39; it's a little bit more emphasis on life in the moment while it is still planning and saving for the future.
The idea that a bank can be part of it, instead of being the nightmare they tend to be, with awkward opening times and bureaucracy at will is very intriguing. Now, when I previously said that there is a wider sense of carpe diem with millenials, I do not mean frivolously. Rather, however, they seem to invest more in wellness.
Millennials perhaps willingly invest 20 minutes of their precious time in a TED speech, in the remote possibility that it can inspire us or change our perspective. A criticism aimed at forty-year-olds like me would be that we will never worry about listening to someone who is not known to be an expert on the subject, to talk about it. We would be full of questions like: "Why should I listen to him?" Or "What do you know about something?"
Moreso in today's social media world, where most of us seem so connected … but only on the surface, they are really quite alone. Once again, the idea of connecting emotionally to a bank is really quite radical. Moreover, a bank that goes further and tries to connect to like-minded people or to a community, also to help them reach their full potential, their authentic self.
With other apps and online banking systems, like the success of Revolut, clearly there is a huge gap in the market that is full of desire. Mazlow intends to help promote excellence and help people in their twenties reach their full potential by not only being a bank, but also a mentor on their journey through life. To embark with them on their personal development journey.
Having been an entrepreneur from an early age, initially in the sports and entertainment sector and more recently as an ambassador for a Blockchain technology company, Mazlow founder Kash Amini said she understood that consumers are looking for a lot more than just a product or service.
"What is missing from most companies, and in particular finance, is a focus on authenticity and an investment in aesthetics that will cultivate and foster an emotional connection between the product or service and the end-user. the consumer himself ".
Mazlow claims to have paved the way for the theory of the hierarchy of needs, the apex of the life of every human being – to be his own authentic self. They promise to help people become their authentic self by helping them grow their community in a way that feels supported enough to succeed. Although it may seem like the dream of a millennium, we struggle to see how speeches and a community can really lead to growth and so-called self-realization.
Always looking to the future, Mazlow also offers users access to 5 cryptocurrencies – which is presumably the next big financial and banking horizon. Designed by a veteran business owner, Mazlow is certainly promising and is definitely an original idea, but it remains to be seen if they can actually deliver everything they promise. A personal touch is certainly necessary in the cold world of banking, but the catering for the specific niche of millennials could totally come back. After all, everyone wants to reach their potential, however, if financial health could really lead to general well-being it might be a little stretched.