Morgan Stanley CEO James Gorman sent a memo to employees signaling their focus on technology innovation; American Banker reports that Rob Rooney, the bank’s technology chief and leader of its international unit, put together a tech plan and has now been asked to execute that plan; the bank has made big investments in AI, cloud based services and big data & analytics; the bank is looking to become more efficient and better service customers to keep up with increasing competition from new entrants and traditional rivals. Source.
