A Product of Participation: Saxo Makes the Case for Interbank Collaboration

It wasn’t long ago that banks would have dismissed the notion of collaborating with their competitors as something akin to treason, rightly or wrongly viewing their painstakingly developed technology stacks as one of their primary means of differentiation. But that stance changed in the wake of the 2008 global financial crisis as banks were forced to lay off legions of full-time technologists and contractors with the view to shrinking their fixed operating costs. The new normal was a far cry fro