banks
Cashless society : the golden tip of the iron rod
In the past decade, several countries have been tempted by suppressing hard currency from their economies, or have even gone through with it to some extent. Among the advocates for the killing off of cash, some quote the increased economic performance, some the decrease in criminal activity, and some the better financial security. All arguments which are audible, but overlook the high price to pay for such a society. A cashless society won’t solve these problems, it will simply move them – and make them worse in some cases.
Denmark to become the first cashless economy: what about the people?
Denmark is on track to become the world’ first “cash-free nation”. The government is pushing restaurants, stores and gas stations to not accept cash payments. But for the Danes, this is not Denmark’s way. Denmark could very well be the guinea pig of the European Union which would like to see more and more cashless countries…but that experimentation could end up being a disaster for the Danes.
Old Mutual Leads The Way To ‘Responsible Business’ Model
Embracing the earlier banking approach wherein the benefits of the customers were given priority and observing the wind of change in the near future trend of international financial market, the Old Mutual has shifted to ‘Responsible Business’ practices.
The Prehistoric Bank Agenda
Talking at a business gathering in London, Fayyad said the saving money industry was at danger of turning into an “exhausting business”. “Banks are 10 to 20 years behind as far as innovation,” said Barclays CDO. “We require new aptitudes and new innovations and we need changes to happen rapidly in what is a diminishing edge environment.”
