I recently saw an interesting article about the head of technology at a major bank, that will remain anonymous for the purpose of this article, which began by saying this person “commands a budget of $10bn and a team of 40,000 technologists”.
To put this into perspective, $10bn is about half the total amount invested in European fintech start-ups, while 40,000 people is the typical size of a football ground audience (in the good old days when people were allowed into the ground).