Accenture have produced a nice infographic and more, detailing the top 10 challenges for investment banks in 2016.
Due to my limited wifi connectivity, I’ll just give you the headlines here but, if you have time, it’s well worth copying and pasting this link to learn more
https://www.accenture.com/us-en/insight-top-ten-challenges-investment-banks-2016.aspx
So here’s the top 10, and there’s a raft of further insight if you click the link:
#1
Workforce of the Future: Dealing with Business Change and the Millennial
#2
Investment Banking Technology: Jettisoning Legacy Architectures
#3
Reference Data Management: Understanding the True Cost
#4
Blockchain Technology: Preparing for Change
#5
Value Based Cost Reduction: Finding the Optimal Strategy for Revenue Growth
#6
Global Structural Reform:
Establishing a New-Era Response to Business Restructuring
#7
Trading Commissions: Rising Above the “Race to Zero“
#8
Digital Disruption: Embracing an Integrated Digital Ecosystem
#9
Cyber Security: Confronting the Threat
#10
Market Data: Taking Control of the Cost Spiral
Tomorrow we’ll learn what tech banks are buying this year.