Automation in Investment BankingFebruary 12, 2019
Taking the technological progression into consideration, none of the industries is left untouched across the globe. In the recent few years, the industrialization has successfully marked its space into the area of banking. A lot of countries have embedded Machine Learning and Artificial Intelligence into their operations. The trend has impacted, massively, the Indian banking industry, wherein, the investment banking segment is witnessing a significant upsurge in concern to getting automated.
The Investment Banking in India is a much broader concept as it majorly revolves around the establishing and retaining essential relationships with the potential clients. The Indian banks are actively ensuring the successful implementation of automation for attaining desirable results. Though the human intervention is a necessary facet of investment banking, however, the automation is undoubtedly taking over investment bankers and initiating much-systematized operations. An Indian investment banker involves more of Sales and Marketing as compared to applying finance in their routine responsibilities. The efficacious execution of technology-driven software’s in Investment Banking Course in India has eased the complexities and are proving an added advantage for contemplating financial analysis.
The automation in Investment Banking is turning out be a hugely profitable deal. The banking transactions have become smooth followed with error-free execution, in turn, circumventing the possible associated risks. On the other hand, the financial analysis has become proper due to the figures being extracted from the automated system technology. The automation has indeed, fetched stronger systems that effectively reduce costs for the human intervention. The scenario of traditional investment banking in India involved a range of significant workforce. However, with the emergence of automation within the business, the added costs incurred in the process of hiring and training of the new employees have witnessed a reduction. Also, the values have been saved to a great extent in bringing the office equipment followed by paying massive wages to the workforce.
Taking a major throwback to the Investment Banking in India, the routine operations – right from essential transactions to financial analysis, the processes were surrounded with tremendous challenges. The workforce suffered from workplace disturbances which in turn, impacted their productivity adversely. Such aspect also, made their performance weak and raised competition as well. Nevertheless, the implementation of Machine Learning and Artificial Intelligence ensured a better execution and reducing the paperwork within the investment banks. The abridged processes have undoubtedly increased the productivity of the investment bankers and have provoked them to deliver the profitable results.
Long gone are the days where banks took extensive time and energy to solve the customer queries. The automation has successfully led to a substantial increase in the conversion rate with a significant boost into the responsiveness from the customer’s perspective. The automation has provided the investment banks with a personalized platform that drives better and timely execution of decisions. Following such tremendous automation approach in the investment banking, the operations have efficiently become flexible. The flexibility in the procedures have improved the functionalities and enabled the banks to expand their services overseas.
Automation is an intense wave which is hitting the banking across the globe. The successful implementation is ensuring better retention of customers and doing extreme benefit to the banks. However, the automation within the Investment Banking in India is demanding a considerable awareness due to the technology being overlooked by those situated in the developing cities. Automation possesses a strong tendency to change the face of the economy and enable efficient delivery of strategized decisions for the betterment of the sector.
The banks are automating with time, in turn, leading to improved and appropriate changes in the back-office segment of the banks.