Mastercard CEO on Functionally Cool Technology
The CEO of Mastercard, Ajay Banga, makes his opinions known about technology in the Financial Brand; while he embraces new technology it is not ok to adopt it for its own sake, companies don’t need cool tech, they need tech that is functionally cool; he has no time for bank executives who feel victimized by technology as if it is something that has been forced upon them; Banga says, “Some people think that technology changes very quickly on you. I actually don’t believe that. I believe that you can see technology changing over a period of time. You may not have figured it out. You may not have seized the opportunity. But that’s your fault, it’s not the fault of technology. It’s coming.” Source.