By Marc Carletti, Vice President,Global Banking & Financial Markets, BT
If there’s one industry that truly spans global boundaries, it’s financial services. It’s one of the things that unifies every society: our economies need to be managed efficiently and effectively. It is, as they say, what makes the world go round.
In terms of an industry, the financial services sector faces challenges the same as any other. It goes through peaks and troughs, and has trials to overcome. Sometimes these trials come from external factors — things outside the industry’s control — but at other times, the hurdles to jump come in the form of internal practices and difficulties. Where you have groups of people all trying to work together in different corners of the world, already battling with various currencies and customs, it’s imperative that you’re not laden with outdated legacy systems that will struggle to meet demand. [Read more...]