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Adapting to Digital Advances
Report

Adapting to Digital Advances

Global Capital Markets 2015

Philippe Morel, Charles Teschner, Will Rhode, Shubh Saumya, Andre Veissid, Antonio Riera, Sukand Ramachandran and Gwenhaël Le Boulay
Boston Consulting Group, 2015
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Editorial Rating

7

Recommendation

Technology is changing the financial industry’s competitive environment. In a period of declining revenues, increased regulation and cost challenges, capital markets and investment banks (CMIB) are also losing the information advantage they once held. Digital advances allow nonbank entities access to valuable client and market intelligence to which only CMIB were once privy. This insightful report from Boston Consulting Group professionals provides a good overview of how digital technology affects CMIB, though readers might wish for more real-life examples and fewer buzzwords. Nonetheless, getAbstract recommends it to financial industry executives.

Take-Aways

  • Capital markets and investment banks (CMIB) face growing challenges on the digital technology front, as well as revenue, regulatory and expense pressures.
  • Increased capital costs and greater regulations on proprietary trading and derivatives activities constrain CMIB revenue and income and make way for new competitors.
  • CMIB are seeing technology erode their status in the capital markets value chain, as well as their once-proprietary client and market knowledge.

About the Authors

Philippe Morel et al. are professionals in the Boston Consulting Group’s global offices.

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