An open letter to financial institutions
Your clients are not happy…
Financial institutions need to work harder for consumers of today and catch up to the increasing speed of life.
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Many now recognize the reduced profitability of banks and for most banks, this means squeezing existing clients for more revenue. Consumers using banking infrastructure are significantly affected as these increased costs are passed to them through higher transaction costs, higher lending rates and lower interest rates on deposits.
This increases in fees — friction — leads many to question the premise of traditional banking. Do we need banks to function as the sole money changers in society and plague us with multiple apps in their attempt to answer our expanding transaction needs?
Today everyone is a global business person moving around for the work and sometimes pleasure. We face significant friction while spending money, moving assets, and waiting for days to receive transfers in the current financial services model.
Can we tolerate these delays and higher fees much longer?
The clear answer is NO.
Advanced technologies such as blockchain, artificial intelligence and the proliferation of “API economies” completely change the financial landscape for consumers. If adopted these new technologies enable banks to operate without physical branches and function truly as a “Digital Bank”.
Why do we care?
Consumers need a financial company that keeps up with the pace of our global lives especially as new digital assets and new financial opportunities enter our personal spheres.
Abele Trust promises to provide increased security and transparency with reduced intermediaries. The firm promises to pass along the benefits of this new paradigm directly to users with lowered fees and faster transactions. With the growing adoption of digital assets and the faster pace of our financial lives, the team seeks to improve traditional to digital conversions and to radically simplify users banking needs.
Join us today and enter a new world of truly digital banking.
