Think of small nodes of economic activity, local economies, that are connected to each other through lines of information and communication and resource sharing. Rather than a large controlling center with outward thrusts of power and control, in a democratized economy both risk and reward is spread out over interconnecting economies. Multiply these same communicating… Continue reading Internet platforms democracy for economies
Tag: banking
Service-Providing and outsourcing in the banking sector
Difficult times for banks. The existing business models are becoming less and less profitable and the new business models are either specified by the regulator or demanded by the customers. Gone are the days when banks could be successful as universal banks. A special business model (Banking as a Service) has developed not least based… Continue reading Service-Providing and outsourcing in the banking sector