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Automating the Wall Street Rainmaker
Article

Automating the Wall Street Rainmaker


автоматическое преобразование текста в аудио
автоматическое преобразование текста в аудио

Editorial Rating

8

Qualities

  • Innovative
  • Eye Opening
  • Overview

Recommendation

Machine and deep learning, algorithms, and other innovations continue to disrupt entire industries and business models. Finance is certainly not immune, as computer trading and data analytics have transformed capital markets. However, executives still think that artificial intelligence will never replace the human element of investment banking, because no technology can replicate the relationship-driven aspects of the business. Reporter Sonali Basak explores the tech possibilities in the investment banking ecosystem in this engaging and valuable overview for corporate executives and Wall Street professionals.

Take-Aways

  • Even as new technologies overtake capital markets, investment banking – driven by one-to-one relationships and client-centric approaches – remains relatively unscathed.
  • But automating routine investment banking processes would enable Wall Street firms to slash their staffs by 30%.
  • Computer programs based on behavioral science can formulate potential investment deals and find stakeholders with complementary skillsets.

About the Author

Sonali Basak reports on Wall Street for Bloomberg Businessweek.


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