Summary of Automating the Wall Street Rainmaker

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

Automating the Wall Street Rainmaker summary
Start getting smarter:
or see our plans

Rating

8

Qualities

  • Overview
  • Eye Opening
  • Innovative

Recommendation

Machine and deep learning, algorithms, and other innovations continue to disrupt entire industries and business models. Finance is certainly not immune, as computer trading and data analytics have transformed capital markets. However, executives still think that artificial intelligence will never replace the human element of investment banking, because no technology can replicate the relationship-driven aspects of the business. Reporter Sonali Basak explores the tech possibilities in the investment banking ecosystem in this engaging and valuable overview for corporate executives and Wall Street professionals.

About the Author

Sonali Basak reports on Wall Street for Bloomberg Businessweek.

 

Summary

Investment bankers craft mergers and acquisitions, initial public offerings, leveraged buyouts and financial engineering. But even as new technologies overtake capital markets, investment banking remains relatively unscathed. Innovations such as machine learning, artificial intelligence and digital platforms have barely penetrated the interpersonal sphere of corporate boardrooms, one-to-one relationships and client-centric approaches. However, automation can handle more routine investment banking processes such as due diligence, regulatory navigation...


More on this topic

Customers who read this summary also read

Why Wall Street Matters
7
The Value of Everything
8
The Myth of Capitalism
9
Global Corporate Banking 2018
8
The Spider Network
8
How Pricing Can Solve European Banking’s Earnings Crisis
8

Related Channels

Comment on this summary