Technology as a growth driver

Published on July 30, 2024 by Prasanna Kumar

68% of the respondents agree that investment banking and advisory firms’ tech spending will increase in 2024. Majority of the firms have technology roadmaps targeting productivity and efficiency.

Technological advancements and innovations have altered the way investment banking firms operate.

To address and keep pace with evolving market dynamics, investment banks and advisory firms are formulating digital transformation strategies. Digital tools and platforms are being increasingly leveraged by investment banking and advisory firms to evaluate global markets, revisit and review their portfolios, enter new economies and capture cross-border deal opportunities. Our survey results also brings forth the focus on technology adoption and related spending to implement productivity-enhancement and/or automation tools.

Based on the survey results and in line with the sector’s focus, we believe that the following will be priorities in a firm’s technology journey:

• Streamlining the deal-origination process and improving deal-flow management

• Advanced deal sourcing and identifying relevant clients

• Efficient client reach-out and relationship management (CRM)

• Re-engineering/redesigning the workflow management and reporting process

• Automating the client-facing process, including client onboarding and document processing

Read the full survey here

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