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Category: Financial Services

Posted on June 12, 2018June 26, 2018

Robots could replace as many as 10,000 jobs at Citi’s investment bank

 

June 12 2018 – Will Martin – Business Insider

Citi’s president, Jamie Forese, described roles in operations and technology as the “most fertile for machine processing.”

Posted on June 11, 2018June 26, 2018

Automation could thin Citigroup’s investment banking unit jobs

 

June 11 2018 – Reuters  Staff – Reuters

Citigroup Inc’s investment banking business could shed as much as half of its 20,000 technology and operations staff in the next five years due to automation

Posted on May 8, 2018June 12, 2018

AI Could Kill 2.5 Million Financial Jobs—And Save Banks $1 Trillion

 

May 8 2018 – Ainsley Harris – Fast Company

A new report paints a grim picture for financial services jobs.

Posted on September 27, 2017March 9, 2018

Machine Learning Is Disrupting The Accounting Industry

 

Sep 27 2017 – Lydia Botha – Medium

Repetitive, manual, and tedious tasks are eliminated from accounting fields as machine learning progresses.

Posted on July 20, 2017September 8, 2017

Machines Poised to Take Over 30% of Work at Banks, McKinsey Says


Jul 20 2017 – Sarah Ponczek – Bloomberg Technology

Robotic Banking will free up to 20-30% of a typical worker’s capacity.

Posted on March 31, 2016June 26, 2018

Automation Could Kill 30% of Bank Jobs

 

March 21 2016 – Ethan Wolff-Mann – Time

According to a new report from Citibank analysts, there’s a target painted on a new group’s back: bank workers.

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