Innovation Suffering in Back Office Tech, Says Panel

Joseph Lodato, Guggenheim Securities

One reason is that compliance has sucked up so many of the resources that previously went to research and development of new products. Another is that regulation has driven up costs for everyone, which is pushing smaller players out of the industry because they can't afford to keep up. Less competition and less disruption, he said, leads to less innovation.

And while Lodato believes that senior technologists have noticed and are objecting to their service providers and business heads about this