Fintech

City grandee predicts shift to corporate apps as Credit Suisse launches WhatsApp rival

Morrissey's tweet linked to a Financial News report that Credit Suisse had launched a recorded WhatsApp-style texting service for its employees

Helena Morrissey
Helena Morrissey Photo: Getty Images

City grandee Helena Morrissey has predicted that UK firms will become more reliant on "private 'bubble' style corporate and social apps with a siloed Internet experience" as the pandemic forces bosses to address security and compliance concerns within their technology.

Baroness Morrissey, the former head of personal investing at LGIM and chair of the investment industry's Diversity Project, posted on social network Twitter on 25 November: "I think we are going to see more private “bubble” style corporate & social apps with a siloed Internet experience driven by private, local, community based, corporate, political, less hackable servers."

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