Whilst banks fight to become “technology companies” the FT argues that a financial institution that wants to live in the future better be in “communication services” as these days, we talk to the technology hidden in our phones, our cars, our banks, our shops and our household appliances and they talk back.
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Not every company is a technology company
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JPMorgan took this ambition a step further last week when it said it was giving new investment bankers and asset managers coding lessons, in the hope they would learn to “speak the same language as our technology teams, which ultimately drives better tools and solutions for our clients”.
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