High levels of disruption are currently occurring in the investment banking sector, which is rapidly being caused by technology advancement. Due to shifting market dynamics, increased competition, and cutting-edge technologies, traditional services offered by investment banks, such as trading, capital raising, and initial public offerings, are developing quickly. The Future of Investment Banking is a new industry analysis from international IT research and consultancy firm Info-Tech Research Group that aims to assist technology leaders in keeping up with business demands and comprehending the key themes influencing these developments this year.
The firm’s analyses show that customer demands, cost pressures, competitive products and services, and the escalating business tempo are all contributing to the investment banking industry’s rapid speed of change. In order to ensure that they actively participate in the development of new goods and services, technology leaders must maintain a close alignment with business partners and stakeholders in response to these developments, which place new demands on IT.
According to David Tomljenovic, Head of Financial Services Sector Research at Info-Tech Research Group, “Historically, the investment banking industry was built upon personal ties and networks.” “However, the adoption of new business practises has been hampered by a relationship-driven approach to many of an investment bank’s basic functions. Many areas of the investment banking sector are changing due to competitive dynamics, many of which are expedited and made possible by technology.”

Source: Prnewswire