David Wolfe on the relationship between the IT and financial sectors in Canada

February 13, 2012

Article by Brian Bloom, ComputerWorld Canada

Published on February 9, 2012

“…David Wolfe, a professor of political science at the University of Toronto, presented the findings of a Canada-wide study he conducted on economic development in 16 cities across Canada, including a look at innovation in the financial sector. He said Canada’s conservative banking industry was belatedly learning that it was nearing a “major inflection point” and needed a fresh IT strategy.

“Our financial institutions are not the greatest risk-takers and they don’t like to leap into new technologies,” he said.

Some of the backend technologies he observed in banks dated back to the 1960s, he said, noting the presence of the “infamous green screen.””

Read the full article online here.