The Internet Challenge

Now, the challenge to investment banks and other financial institutions is the revolutionary distribution and placement strength of the Internet. Those essential distribution and placement functions are the hallmark of the investment banking business and the source of its hold over the financial services industry.

We anticipate that Internet-based services will gradually replace the laborious and costly tasks of back room (“boiler room“) processing functions. These developments will also usher in fast, reliable and cost-effective Online Auction and Trading activities. The technology is available now. It is bound to open up the whole financial and investment service processes, and when it does, it will no doubt result in the radical transformation of the global investment banking industry. Hence, the current feeling of many that, it is the ability of the Internet to directly service a wider client base that is turning investment banking on its head and will result in making available more fair and cost-effective financial and investment services to the Emerging Markets.