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Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. Digital Disruption: Embracing an Integrated Digital Ecosystem

Digital disruption: Embracing an Integrated Digital Ecosystem

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Page 1: Digital disruption: Embracing an Integrated Digital Ecosystem

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Digital Disruption: Embracing an Integrated Digital Ecosystem

Page 2: Digital disruption: Embracing an Integrated Digital Ecosystem

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Non-traditional competitors. Commoditization. New competitive threats.

Investment banks are increasingly in the competitive crosshairs of players

from inside and outside of the traditional industry. Plus, cost-cutting has

reached its limit, and inflexible operating and technology platforms are

squashing innovation.

Page 3: Digital disruption: Embracing an Integrated Digital Ecosystem

So what’s

the way forward?

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Page 4: Digital disruption: Embracing an Integrated Digital Ecosystem

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

An integrated digital ecosystem.Successful firms must combine financial expertise with

digital sophistication to deliver value to customers and

differentiate from the competition.

Page 5: Digital disruption: Embracing an Integrated Digital Ecosystem

Flexible sourcing of people, infrastructure, software

and information — including using cloud computing

and “everything as a service” (XaaS) — has

converged with new design, development and

deployment approaches and tools.

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Page 6: Digital disruption: Embracing an Integrated Digital Ecosystem

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

To start, banks should take stock of

their current challenges and

prioritize innovation:

Page 7: Digital disruption: Embracing an Integrated Digital Ecosystem

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Investment banks are less often at

the forefront of new ideas. Banks are devoting three times as much money to

maintaining legacy systems as they are to building

new platforms needed for growth.

Page 8: Digital disruption: Embracing an Integrated Digital Ecosystem

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Investment banks need external

collaborations to improve business operations. In particular, they need to introduce systems to support new

products and better customer service.

Page 9: Digital disruption: Embracing an Integrated Digital Ecosystem

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Investment banks must accept the changing

nature of technology providers. Many providers see their role as helping to define and satisfy

end-client expectations and overall customer experience.

Page 10: Digital disruption: Embracing an Integrated Digital Ecosystem

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Investment banks must access deep talent pools. Attracting promising new entrants and adopting new technologies

enables innovation and scale at minimal cost.

Page 11: Digital disruption: Embracing an Integrated Digital Ecosystem

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

To gain momentum,

banks need to look ahead and

invest for the future by:

Page 12: Digital disruption: Embracing an Integrated Digital Ecosystem

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Redefining clients, value

propositions and roles. Understand how value is derived to identify

areas for investing, partnering and leveraging

third-party innovations.

Page 13: Digital disruption: Embracing an Integrated Digital Ecosystem

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Embracing modern architectural

principles and concepts. Design future products, services and platforms

that are experience-driven, service-oriented,

collaborative and cloud-based.

Page 14: Digital disruption: Embracing an Integrated Digital Ecosystem

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Establishing a renewed focus on talent. Recruit agile candidates who are focused on design,

and create an environment where such individuals

thrive and grow.

Page 15: Digital disruption: Embracing an Integrated Digital Ecosystem

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Encouraging and institutionalizing innovation. Add board members with a track record of digital success,

establish an internal growth council, cultivate promising digital

opportunities and form closer ties with venture capitalists .

Page 16: Digital disruption: Embracing an Integrated Digital Ecosystem

LEARN MOREabout how investment banks are re-tooling for

growth with our full report:

Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.

Digital Disruption:Embracing an Integrated Digital Ecosystem