This page has been archived and commenting is disabled.
The Unbundling of a Money Center Bank
FinTech investment has been increasing dramatically, and I don't mean just the last year or two...
Is the rapid ramp-up in FinTech funding the dawn of the death of a thousand cuts to the traditional banking business model?
As per CBinsights: "we wanted to dig in and see how banks are being unbundled by startups. The graphic below details companies attacking bank services ranging from robo-advisers wealth management services like Wealthfront and Betterment to small business loan companies like OnDeck Capital and Kabbage to small business service providers like Zenefits and ZenPayroll, and many other areas."
At Veritaseum, we are approaching the larger revenue streams and the most profitable business units, transaction asset managment, prime brokerage. By implementing "smart contract" and blockchain technologty into the transaction process, we dramatically reduce time, increase transparency/auditability/safety, reduce costs and increase profits - all at the same time.
Veritaseum technology was custom designed by world renown banking valuation expert and CEO, Reggie Middleton, to disintermediate the money center banks by slicing margin at the most lucrative profit centers.
Please reference "The Revolution Will Not Be Televised. It Will Not Be Decentralized, But It Will Be Distributed" for more on this topic.
Download Veritaseum here.
Purchase our tradeable token, Veritase - the intellectual capital commodity, here.
Contact Veritaseum here.
- advertisements -
Does a dying horse make a sound if no one is around to hear it? Maybe beating it some more will help.
You know this is a great idea conceptually, but after being hounded by Kabbage finally I signed up - and i had to login to bank account - and it wouldn't work, I tried several times, different error messages displayed - no one to call. A few weeks go by and I get another ad - try again - thinking maybe they worked out the bugs. Nope.