Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)

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Impacts, Challenges, and Strategies of Digital Transformation in Investment Banking

Authors
Huize Cai1, *
1School of Finance, Nanjing University of Finance & Economics, Nanjing, 210023, China
*Corresponding author. Email: 2120222144@stu.nufe.edu.cn
Corresponding Author
Huize Cai
Available Online 24 February 2025.
DOI
10.2991/978-94-6463-652-9_90How to use a DOI?
Keywords
Investment Bank; Digital Transformation; Financial Technology
Abstract

The rapid development of digital technology has spurred innovation across various industries, presenting both opportunities and challenges. For investment banks to keep pace with contemporary advancements, they must embrace financial technology and undergo a comprehensive digital transformation. This transformation offers numerous conveniences, such as AI customer service consultants, which streamline operations and enhance client interactions. However, it also introduces significant challenges, including regulatory issues, privacy and security concerns, organizational culture shifts, talent management difficulties, and customer trust issues. Addressing these challenges requires proactive recognition and a commitment to developing effective solutions. Investment banks must adopt targeted regulatory strategies to comply with evolving legislation while ensuring data privacy and security. Internally, they should foster a culture that embraces change, investing in talent management and training programs that equip employees with the necessary skills for a digital future. Externally, banks need to engage in market strategies that build customer trust and transparency. By closely aligning with advancements in financial technology and implementing innovative approaches, investment banks can successfully navigate the complexities of the digital landscape and achieve meaningful digital transformation, positioning themselves for sustained growth and competitiveness.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
24 February 2025
ISBN
978-94-6463-652-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-652-9_90How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Huize Cai
PY  - 2025
DA  - 2025/02/24
TI  - Impacts, Challenges, and Strategies of Digital Transformation in Investment Banking
BT  - Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
PB  - Atlantis Press
SP  - 843
EP  - 851
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-652-9_90
DO  - 10.2991/978-94-6463-652-9_90
ID  - Cai2025
ER  -