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Euromoney explores how big data, analytics and technology are shaking up global finance, featuring interviews with leading industry players. Could the traditional banking industry be disintermediated by more efficient and cost-effective service and product providers in the digital technology space?
Big data, analytics and technology have the potential to transform the global investment banking industry into a leaner, meaner and better-equipped money making machine. Some investment banks have recognised the opportunity. Few, if any, have worked out how to make it happen.
Vincent Kilcoyne, UK & Ireland capital markets industry lead at SAS, one of the largest business analytics software providers, smells an opportunity. “This challenge is probably one of the biggest they have ever had.”
BBVA has embarked on a bold transformational strategy to become the world’s first digital global bank, and reinvent itself as a knowledge-based information company, fit – it hopes – for the modern era and beyond. Could the Spanish bank be providing a blueprint for the future of banking? CEO Francisco González certainly believes so.
The world’s biggest banks have been slow to embrace the digital era. What can financial services CEOs learn from new, tech-based companies that have successfully disrupted other industries? What needs to change?
See how four digital companies have reinvented areas such as travel, music and education.