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Banks already have large technology centres in Glasgow. Decentralisation has been going on for years, both within the UK and Europe.
London as a hub may eventually lose a dominance, but this to me appears to be a natural progression..
Banks already have large technology centres in Glasgow. Decentralisation has been going on for years, both within the UK and Europe.
London as a hub may eventually lose a dominance, but this to me appears to be a natural progression..
It's no different to the US model of having the front office in New York and the back office systems and staff at a cheaper location on their east coast, like North Carolina. Keeping back and front office locations in the same time zone and country provides far better value than offshoring to somewhere 5 or more hours away.
The greatest trick the devil ever pulled was convincing the world that he didn't exist
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