Investment banking is undergoing unprecedented change. Recent regulatory changes will push investment banks further away from their trading-related activities, further encourage disintermediation of financing, and cause some businesses to stop functioning. Digitalization and FinTech also pose a serious threat to the existing universal banking model. Investment banks should react fast by fostering in-house FinTech innovations and by cooperating and creating multi-bank portals, reveals the SFI White Paper study—The Future of Investment Banking.