CTO / CIO / CDO : Time to enter Board / Take CEO position
Jamie Dimon said in year 2015 “Silicon Valley startups are coming to eat Wall Street’s lunch”. However, couple of years down the line, Boards of financial institutions are still driven by sales, legal and finance experts. As focus is to get support on regulatory compliance, retired Civil Servants and ex-Bankers come onboard as independent directors. While […]
Digital Revolution – Board focus is missing
There is dearth of board members from digital / tech background. Very few banks have gone ahead with getting digital leaders at the board level. This will change in next 12 to 18 months and my guess is that there may be RBI regulation coming up for appointing the same. Interestingly, RBI recently came up […]
Just talk, Don’t deliver… Bask in glory, if it happens… If it fails, just pass the blame…
Top management has to be careful in hiring and retaining leadership in Digital Transformation Initiatives. You would find lots of folks with powerful resume and little delivery… These folks utilise the skills in being seen in right place and delivering nothing…. Talking brilliantly and doing nothing….Owning everything and deciding nothing… Escalating everything and doing nothing…. […]
Unaccepted Cardinal SIN in Banking: We outsourced the bank
In last couple of decades, we have learnt that – Technology is not the core of the bank – Technology should be outsourced – Technology is a cost center – Tech team does not understand business – The main job of tech team to do plumbing – Tech teams work during night (they must be […]