The investment banking industry was starting to face a global financial crisis—a situation that would dominate agendas and focus C-suite attention on regulatory compliance, capital optimization and cost reduction for years to come.
Recently, however, we have witnessed a distinct shift in priorities. More than ever before, investment banks are paying attention to digital technologies and financial technology (FinTech) innovations. As barriers to entry fall, they are increasingly aware of an ecosystem that is emerging just beyond the four walls of their institutions. This development is prompting new solutions and highlighting the need for fundamental change.
Rapid innovation, increased competition and rising consumer expectations are among the defining characteristics of this new reality, which has the potential to shape investment banks and the industry in exciting ways. Let’s see what’s in store for 2016.
Rising Above the “Race to Zero“