There are myriad reasons given as to why the banking industry lags behind in tech innovation and can’t seem to hire top tech workers. Some say it’s because they lack a “start-up culture.” Regulatory constraints are also frequently cited, as well as the general risk-averse nature of banks.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
