Financial innovations brought by technology

Re:Financial innovations brought by technology by NikolaNovak on Friday October 29, 2021 @05:59PM (#29044007)

I kinda agree and disagree I suppose.

I lived in USA in the 90's and then moved to Canada. Banking system here seemed lightyears ahead of American in terms of functionality, user-friendliness, technology. And it seemed to endure until relatively recently. By all accounts, Canada is behind truly innovative places.

So, though it's late to the game, a lot of those things are still "innovation", to USA, late-trickling as they may be.

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Re:Financial innovations brought by technology by jslove on Saturday October 30, 2021 @07:20AM (#29047904)

And banking in Canada is behind many places. Lithuania, Estonia would be examples.

I lived in Finland in early 90s - they had already gotten rid of cheques. Russia with Qiwi kiosks is quite innovative.

Why did banks want to get rid of cheques and why did they stay? The settlement was fast near the end with imaging etc. Basically Free. What did we get? email transfer? fuck I worked on building that in 2000. Can't believe it is still there with shitty limits for businesses.

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Re:Financial innovations brought by technology by bambax on Saturday October 30, 2021 @09:50AM (#29048741)

Innovation is inventing something new; imitating others and catching up with the rest of the world a decade late is not it.

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