"Fintech is challenging the status quo of the financial industry. New business models will emerge. Delivery channels will challenge existing norms. Transaction costs will be reduced.Fintech is disrupting financial sector. This is really nothing new. We see things like Pay Pal, Ali Pay, Wechat payment, etc become more and more popular. What I think is interesting is that Malaysia banks are recognizing this and is now taking steps to embrace this technology. Another technology that is also coming in strong into the industry is blockchain, the technology powering bitcoin. Innovation is such a wonderful thing as it is challenging the norm and making our lives, as consumer, so much easier and better. And innovations breaks tradition and breaks apart any hold that corporations want to shackles on consumer. I wish I have the knowledge and tech savvy to be part of this revolution. Back to the books maybe?
"Rather than looking at the fintech revolution as unwelcoming, financial institutions ought to embrace it as an opportunity,” Muhammad said yesterday at the Global Islamic Finance Forum 5.0 (GIIF 5.0). via thestar
In April 2008, Anne and I started our resolution to chant 1 million daimoku in one year. It's already Jan - and I am only one-third of the way. I really need to WORK HARDER - coz I made another 1 million resolution from Jan - Dec 2009. The chart you see on the right of this post is a chart that we put beside our butsudan. It tracked our chanting progress. Every 20 minute, we coloured one box. Mine is the one on top, Anne's at the bottom - you can see that she made much better progress than me! Hmmm.. come to think of it, I am not even at one third!! --- Edit 22 March 2009: Thanks to Google, a couple of friends in faith found this post and they want to know how many hours of chanting is required to achieve one million diamoku. Here it is. Based on our publication in Malaysia, 20 minutes of chanting is equivalent to 1,000 daimoku. So, one hour is 3,000 daimoku. 1 million would take about 333 hours. --- Edit 8 April 2018: Checking my blogger stats, this post is pretty hi
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