JPMorgan Chase is leading the way in AI-enabled banking with a comprehensive strategy that spans across business lines and functions to create value for the company, its clients, and the industry as a whole.
In early 2017, Lloyd Blankfein (Goldman Sachs CEO) stated “We are a technology firm. We are a platform.” Goldman Sachs still has a long way to go, but is taking steps in the right direction to effectively employ digital technologies. What does this mean for the future of the traditional investment banking industry? Is human capital still a bank’s greatest asset?
A decade ago, Goldman Sachs executive Gary Cohn was asked if he’d license the bank’s proprietary securities pricing software, SecDB, for $1.0 billion. He said no. How about $5.0 billion? Maybe. Today, Goldman Sachs gives away SecDB for free. What […]