Fintech and wholesale banking: why nothing has changed

Adoption of new technologies by investment banks has stalled, leaving the industry reliant on a patchwork of fragmented, mismatched and often Heath Robinson-style software and data tools. The reasons for this lag range from staff turnover to regulatory demands

Photo of old computers
Lo-tech: many investment banks are reliant on a patchwork of fragmented software and data tools

Ian Green is chief executive of eCo Financial Technology.

Over the past decade the software industry has been revolutionised by a set of new technologies. They keep close company – where you find one you’ll often find several – and the firms that have played the largest role in their creation collectively define the new economy of the twenty-first century.

These millennial technologies range from usable voice recognition and specialised storage for vast structured and unstructured datasets, to

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