Innovation Comes Through Mentorships, Not Labs, Says BofA's Reilly
Bank of America CIO David Reilly chats with Dan DeFrancesco about working with start-ups to address the bank's technology needs.
Innovation labs have been trending among financial institutions as they try and be as efficient as possible with the tight budget they have for creating new technology. This year alone Deutsche Bank, UBS and TMX Group all separately announced they would be opening up new labs.
And while most financial services firms seem eager to set up shop in Palo Alto, Calif., or London, one executive isn't as keen. David Reilly, Bank of America chief technology officer, tells Sell-Side Technology he doesn't
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