industry insights

Who says you can’t save your way to prosperity?

Legendary Chairman Lou Gerstner took note, upon joining IBM, of the endless stream of meetings to measure progress towards quarterly revenue goals.  His conclusion: “You can’t fatten a pig by weighing it.” The other side of that growth coin is reducing costs.  And there: the conventional wisdom is that you can’t save your way to […]

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The complex impact of fintech and legacy systems on banking

A recent article in The Globe and Mail, The biggest threat to banks? Legacy systems, not fintech (November 2016), by Mike Gardner seemed to go viral on my Twitter stream. In the article, Mike describes huge losses for JP Morgan and the collapse of MF Global caused by IT systems and the use of inappropriate tools that […]

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