Summary of Adapting to Digital Advances

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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.

In this summary, you will learn

  • What challenges capital markets and investment banks (CMIB) face,
  • How digital technology is affecting the industry, and
  • What options CMIB can pursue to remain competitive and grow.
 

About the Authors

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

 

Summary

Capital markets and investment banks (CMIB) face growing challenges on the digital technology front, as well as revenue, regulatory and cost pressures. Globally, CMIB revenues fell from $246 billion in 2013 to $239 billion in 2014, and 2014’s operating profits were $68 billion, down 28% from 2010. Continuing...

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