Article: The Culture of Transformation, or Transformation of the Culture?15 March 2017 | Peter Farley
The debate is slowly bubbling to the service and the realisation finally growing across investment banking that banks will not survive in rapidly changing capital markets unless they transform to meet the new regulatory landscape and accompanying business and market challenges. That might not be new in itself, but what is different now is the growing recognition that this can only be achieved by a change of culture within the banks, which will only succeed if it is driven across the organisation by strong leadership. And that leadership will have to embrace a technology transformation that drives costs down through the automation and simplification of creaky, complex and archaic IT systems, while also adding in the more sophisticated data management and analytic capabilities demanded by today’s circumstances.
But while there is plenty of talk, there is