How JPMorgan Chase enhances its developer experience – CIO Dive

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Wells Fargo is working to repair its reputation after widespread consumer abuses were revealed, which CEO Charlie Scharf attributed to a “flawed business model” and “broken” culture, reports Banking Dive. 
As part of its overhaul, the company has focused on rounding out its technology stack and accelerating digital transformation under the leadership of Van Beurden, who was appointed in 2019. 
While banks were already working to enhance their digital services, the pandemic has added urgency to technology adoption. With in-person interaction limited, companies have to rely on digital transactions and understanding how customers operate. 
In the past year, Wells Fargo has named a CTO and CISO, working to modernize core technical capabilities and shoring up governance and controls. 
Naming Mehta and Kumar CIOs builds on the company’s five areas of focus for digital transformation, which include advancements in personalization and attention toward digital accounts and payments. 
As CIOs for individual lines of business, Mehta and Kumar can prioritize their departments’ needs without relying on overarching technology leadership to set the pace transformation. It’s a nimble approach, which highlights unique technology problems in different parts of the business.
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Moving too slowly can give competitors the advantage, but rapid deployment brings its own set of challenges. 
IT occupations across the economy contracted by 14,000 last month, a CompTIA review of U.S. Bureau of Labor Statistics data found.
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Get the free daily newsletter read by industry experts
Moving too slowly can give competitors the advantage, but rapid deployment brings its own set of challenges. 
IT occupations across the economy contracted by 14,000 last month, a CompTIA review of U.S. Bureau of Labor Statistics data found.
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This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!