Everyone likes an upgrade. There is a reason why the release of the latest iPhone always draws massive crowds and long lines. The same theory applies in financial services, where the appeal of the new latest and greatest is always there.
But as budgets are bogged down with compliance costs, it has become tougher to make a case for why a firm should upgrade its technology when, on the surface, it appears to be running fine. When and how to implement new technology and shut down old systems is big
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails