Is wholesale banking disruption-proof?

Is wholesale banking disruption-proof?

There is a school of thought that wholesale and investment banking is immune to true disruption by financial technology – that the protective complexity of these businesses will give the incumbents time to assimilate new technologies. In a recent report, for example,...
Fintech and wholesale banking: why nothing has changed

Fintech and wholesale banking: why nothing has changed

Staff turnover, regulation among five factors holding banks back Over the past decade the software industry has been revolutionised by a set of new technologies. They keep close company – where you find one you’ll often find several – and the firms that have played...
Pre-trade risk checks

Pre-trade risk checks

When a “tech issue” becomes a management catastrophe Amidst all of the change and turbulence in the years since the financial crisis, one constant trend has been a continuing rise in the proportion of trades that are conducted electronically. This brings many...
The New Equations of Tech Value

The New Equations of Tech Value

My first task at the first job I took in investment banking technology was to read a paper describing a new model for interest rates (Heath Jarrow Morton) and mine it for use in swaption pricing software. It was illustrative of the state of the art at the time: take...
Life in a start-up

Life in a start-up

I’m returning from a great week’s vacation in Skye and someone commented to me that I’m now “back to the rat race”. Even in the previous jobs that I enjoyed most, the first day back to work following a return from holiday usually felt...
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