Long-established jobs have been eliminated in past periods of technological transformation, to be replaced by new ones. Many firms have vanished too. AI will repeat this cycle, possibly speeding it up. For now, GenAI in finance is largely at a proof-of-concept stage. But we’re in a peri...
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After years of quiet evolution, artificial intelligence (AI) is now driving innovation in all industries at an unprecedented speed. Even the finance industry, a highly regulated sector that was initially slower to adopt the new technology, is beginning to use AI for analysis and forecasting,fraud ...
Finance employees are most likely to be replaced by artificial intelligence (AI) in the future, said a research report by Deloitte on Nov. 30, China News reported. The research investigated nearly 500 managerial staffs in different fields in China, of which more than 80 percent said that AI ...
Finance employees are most likely to be replaced by artificial intelligence (AI) in the future, said a research report by Deloitte on Nov. 30, China News reported.The research investigated nearly 500 managerial staffs in different fields in China, of which more than 80 percent said that AI is...
fields in China, of which more than 80 percent said that AI is most likely to be applied to financial work, and over three quarters said that AI could be used to provide assistance for their management work in five years.According to the report, most of the respondents think jobs ...
The finance industry is banking on AI — and they're creating new jobs to bridge the gap. Traditional financial institutions and fintech start-ups alike are looking for more candidates who specialize in artificial intelligence, machine learning and data science. According toreporting by Bloomberg ...
Ronit Ghose, Head of Future of Finance, Citi Global Insights, said: “AI will transform finance by empowering clients, creating new jobs and increasing competition. AI will make money and clients smarter. In the future, every client will have an AI powered assistant in their pocket, making th...
Niccolo de Masi, chairman of the Futurum Group, compares AI to the advent of Excel and ATMs. He also points out that trucking, once feared to go extinct due to AI, is now thriving.
As AI becomes more prevalent in banking and finance, it brings both challenges and opportunities through the adjustment of traditional practices to meet the demands ofdigitisation. Not too long ago, even a simple process like opening a bank account was arduous and slow. You had togo to the b...