ThisIsOurs 6 years, 10 months ago on ‘Adapt as banks shut their doors’
‘Adapt as banks shut their doors’
"Mr Turnquest suggested the country has been hit hard by bank closures because Bahamians were not prepared to take advantage"
I understand that Mr Turnquest is a good man but I still believe he is the wrong person for this position. Didn't he just report that the government experienced a surplus a few months ago? So many unfounded contradictory statements out of the ministry. The banks did not close because Bahamians refused to use the proffered technology, the banks closed because the economy is bad, customers are losing jobs, can't pay mortgages, can't hold savings accounts all this means losses for the bank. In an effort to court cost, the banks moved to place services on a digital platform. Saying it any other way is to be really blind.
The banks did not close because Bahamisns are old fashioned, they closed because they're not making as much money as they used to.
realfreethinker 6 years, 10 months ago on ‘Adapt as banks shut their doors’
‘Adapt as banks shut their doors’
That's what technology does. If you don't adapt you will be left behind. What's happening in the Bahamas is nothing unusual. The internet has changed the world forever