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Jamie French

Jamie French

  Oh dear, I dont think Mr Kroszner understands how these models work
Ketharaman Swaminathan

Ketharaman Swaminathan

  There were tons of established, reliable tech vendors in the era when the phrase "Nobody gets fired for buying IBM" was coined. From what I know, the backstory for this phrase is not tech chops but integrity, which was unique to IBM.  IBM never bribed customers to win deals, unlike most of its competitors. Tech projects fail for a lot of reasons such as change management challenges, poor data quality, and so on, for which the customer company is to blame – not CIO or tech vendor. When customer bought from somebody other than IBM and the project failed, aspersion would be cast immediately on the CIO’s integrity, it would be taken for granted that the CIO took a bribe, and s/he would be fired without any due process – such as post-mortem / inquest – to investigate into other reasons for project failure. Whereas, when customer bought from IBM and the project failed, corruption was completely ruled out, CIO got the benefit of a “fair trial”, inevitably other reasons would be found for project failure that were unrelated to the CIO, and CIO got to keep his or her job.
Ketharaman Swaminathan

Ketharaman Swaminathan

  Shows that consumers believe it's "better to have it and not need it than to need it and not have it" when it comes to gu** - er bank branches. As I've said many times before, there are 18 banks with branches in my neighborhood, if I want to open a new account, I'll select one of those 18, even if I never plan to visit its branch. 
A Finextra Member

A Finextra member

  this initiative makes a lot of sense - look at the impact when NPCI in India added UPI, a bank agnostic solution for payment initiation on top of various domestic payment systems. A similar configuration should work well for cross-border 

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