Industrialising Investment Banking Technology
What does an industrialised bank look like? We are embarking on a journey already undertaken by many other industries as they matured. Using the automotive industry as an example, we see:
- Use of technology and lean processes to drive down costs
- Reduction in end-product complexity
- Increased regulation for a safer industry
- Extensive technology cross-licensing and shared development costs
- Shared manufacturing infrastructure
- Massive standardisation and use of common capabilities
Financial services are entering this next phase of maturity and must increase the strength of their IT in preparation for the journey.