Roy Choudhury, partner and principal of financial services advisory for EY, tells Waters that the environment banks are now in—one where new rules can severely constrain their capital—should provide an impetus to focus on technologies that lessen the bank’s reliance on legacy platforms.   

“Technology is a big part of investment banking but the technology infrastructure is fragmented with new builds tacked on when new regulations come in,” he says. “This piecemeal strategy has led to burdensome