Former CEO of Barclay’s, Antony Jenkins, has warned the banking community of a coming ‘Kodak moment’ for banks and financial institutions unless they embrace the coming fintech technology revolution.
Speaking of the revolution in fintech that has precipitated the massive growth of cryptocurrencies, Jenkins said, "Now we will see the possibility not necessarily the probability of what we call a 'Kodak moment,' where increasingly banks become irrelevant to their customers.”
Read more: https://cointelegraph.com/news/former-barclays-ceo-warns-banks-of-kodak-moment-pushes-to-embrace-fintech
If banks are having trouble no need to worry, there is plenty of government bailout money available. I only wish I was joking.
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This is very interesting in light of the newest developments: See how Kodak stock skyrocketed after the announcement:
This is a screenshot taken from Google showing price action of the last 365 days.
Amazing!
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