The 18-month project is part of the $3 billion that Bank of America allocates annually to new technology initiatives.
| | | | | Q: Wealth management firms see rising regulatory and tech costs, and even slimmer margins in some sectors. What can they do to survive in this environment?
A: “I think firms are going to [ask]: are there pieces of their business they can outsource? Are there certain vendors or providers in that, instead of building it in-house, maybe there is a cheaper alternative in partnering. I think more and more of that is likely to come,” says Capco Partner Bryant Fuller. (Answer has been lightly edited for length and clarity) | |
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