The old, proprietary way of developing technology is giving way to new approaches based on collaborations: New partnerships between large and emerging firms, open discussions with government, deeper partnerships with universities to educate and train the next generation workforce in this digital age. Increasingly available financial technologies are turning traditional relationships between size and scale upside down. As a mid-sized firm with big aspirations, we are excited about this.
Boston has all the right pieces to become the national leader in financial services innovation. But one-off efforts aren’t enough. What’s needed now is for the community to come together with a systematic approach and progressive agenda to attract the talent, the entrepreneurs, the technical innovators necessary to fuel this growth.