The Cost of Doing Nothing

摘要

As margins shrink in many business lines, forward-looking financial services firms increasingly are looking to shake up the status quo to find new ways to generate revenue while reducing costs. In many cases, the cost of doing nothing — staying with existing technology and processes — outweighs the price tag of implementing new business processes that rely on cutting-edge technology and new business rationale. This month, Wall Street & Technology takes a look at a number of firms that are changing their business models, often aided by new technology, to gain a real business advantage. For these firms, the cost of doing nothing is too high.