Waters Wrap: Tech procurement, hospitality & how cloud has changed the game
Because it’s easier to switch tech providers, and because the pandemic is helping to push firms to want tools delivered as a service, and because of new rules, and because of mounting challenges from startup fintech companies, Anthony says that incumbent vendors need to reevaluate how they maintain close relationships with end users.
Yesterday, January 19, we published a story about DBS’ decision to switch its turret provider for its London trading desks from IPC to Speakerbus. According to a source within DBS, traders in Singapore “are said to have been outraged by the decision,” and “a planned request for proposal (RFP) to tender for IPC’s turrets for the bank’s Australian trading desks was shelved.”
The article states that “The DBS insider, who was involved in procurement decisions, suspects the reaction could have been
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