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Archive for Tag: chief technology officer

Jan 27, 2016

Financial Institutions Need To Work Harder – and Faster – To Take Greater Advantage of Third-Party Software Solutions

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For years, financial institutions have been spending billions of dollars per year on internally developed software in an effort to gain a competitive advantage – while talking about switching to third-party-based applications. According to a recent article, a well-known financial services firm has more people on its technology team (9,000+ full-time engineers) than Twitter (~3,600 in 2014) or LinkedIn (~6,900 in 2014). They have about the same number as Facebook’s total employee count (~9,200 in 2014). And that financial services firm isn’t alone. In some cases, chief technology officers at even medium-sized financial services firms are managing technology businesses as…

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