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Technological Revolution in Finance: The Example of Corporate and Investment Banking

Jean-Christophe Mieszala * Directeur associé senior, McKinsey & Company. Contact : article ne représente que les vues de l'auteur et ne saurait engager la société dans laquelle il travaille.

The increasing penetration of digital technologies in Corporate and Investment Banking (CIB) implies a triple revolution. First, an industrial revolution: new opportunities for growth and cost reduction emerge with the growing automation of core banking functions – connection, both with clients and between employees, innovation, processing of operations, decision making. Then, a market revolution: specialized new entrants are able to disintegrate value chains. Besides, digital pioneers can reinvent their business models and fundamentally transform their markets’ structure and dynamics. Finally, a managerial revolution, as digital disruption involves developing whole new skills and mindsets among employees.

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