Industrializing IT - Creating a More Efficient IT Model for Investment Banks

Topics:
Commercial Banking
Tags:
Bank,
Information Technology,
Investment,
Investment Bank,
Management,
Strategy
Source:
Accenture

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Overview: The paper highlights that investment banks spend twice as much on information technology (IT) as their commercial and retail counterparts on a revenue percentage basis. The perception is that the higher IT costs result from the information-intensive and technology-dependent nature of the industry. The reality is global investment banks do not manage technology efficiently. With investment banks managed by command-and-control, product-centric executives, technology decisions are invariably optimized to an individual product organization's needs. Further, investment banks are highly leveraged and capital-constrained, making them reluctant to invest in non-revenue-generating areas like new, large-scale IT initiatives.

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Format: HTML | Pages: 2

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