An Economic Downturn Can Be a Catalyst for Strategic Change
by: Chris Perry
An economic downturn can be an opportunity to enact lasting strategic change at financial service firms, writes Chris Perry, president of Broadridge Financial Solutions. As many firms are already drawing up and implementing plans to reduce expenses in the event of an economic downturn this year, technology leaders can drive those strategies, says Perry. "Recent innovations are allowing companies to streamline outdated technology platforms relatively easily and inexpensively. Simplifying and modernizing a firm’s technology stack can permanently lower the cost base, reduce risk, and improve operational performance."
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