McKinsey quote of the day

“The previous view was that technology is there to help run the bank, whereas now I would say the technology is the bank, right? It actually runs the bank. The executive committee is there to do strategy and all that, but the bank should be running automatically, and that’s not a strange conversation anymore.”

Paul Taylor, CEO of Thought Machine, on the “technology-ification” of typical bank executive committee members in a recent episode of Talking Banking Matters