Goldman Sachs and "The Digitization of Finance"

Goldman Sach’s co-head of technology, Don Duet, was recently featured on a company sponsored podcast titled “The Digitization of Finance.”

The topics were broad, the resolutions ephemeral. But what is most important is that industry juggernauts are coming around to meaningful recognition regarding tech adoption. In Duet’s half-hour interview he addressed both the macro and micro aspects of the finance industry embracing (or forced adoption) of the unebbing tide of technology.

While Duet is a company man and played the part, he made some extraordinarily important points. One was, in and of itself, addressing these trends. This should be the takeaway. Don Duet is a very powerful man working for one of the most powerful institutions on the planet. As with most tech items that adhere to the adoption curve, it is the responsibility of the technology itself to establish use cases that compel the “old guard” to action.

When Goldman Sachs speaks, everyone listens. Lots of activity and excitement are floating around financial technology…and it should be. While some of these types of corporate communications are a little stiff, we must realize that this is what a sea change looks and feels like. This type of acknowledgement and validation is akin to the realization of candlemakers that electricity was here to stay.

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