The 2008 meltdown, its regulatory aftermath and residual shocks like the European debt crisis continue to constrain bank profits and capital market activity and cast a pall of austerity over many financial institutions. Yet excitement and optimism reign among the developers and managers of the technologies on which firms and markets increasingly depend.
This enthusiasm is a common thread running through the Tech 50, Institutional Investor ’s annual ranking of those who lead the financial services industry in technological achievement and innovation. Far from being oblivious to prevailing economic and competitive realities, these executives bear witness to them. Having risen in stature and influence well beyond where they were a generation or even a decade ago, they have a firm grasp of those challenges and bring to bear tools, resources and expertise critical to overcoming them.
Download the Congressional Testimony: The Tech 50