DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Tekedia Forum

Tekedia Forum

Forum Navigation
Please or Register to create posts and topics.

The Banks of the Future

The battle for AI talent has started at scale in the financial sector: "The battle for talent well-versed in artificial intelligence is getting more fierce on Wall Street". Yes, the banks of the future will be technology companies with banking licenses, instead of banks which deploy  technologies to serve customers. Because of that evolving redesign, the AI battle is real. 

Why? AI makes it possible to understand the numbers around customers, enabling personalization and one-customer banking. Yes, AI will give you the type of banking services you want because AI will understand what you want!

The battle for talent well-versed in artificial intelligence is getting more fierce on Wall Street, and Goldman Sachs is getting squeezed by its competition, Bloomberg reports, citing Evident AI data. The figures show Goldman experienced a net outflow of 60 people in the span of a year through this September — the biggest loss among Wall Street heavyweights — and many of those workers were poached by rivals Morgan Stanley and Citigroup. By contrast, JPMorgan Chase, which Evident ranked as the most mature bankon AI, had a net influx of 101 AI-related hires.

Wells Fargo had the biggest annual net increase of AI talent through September of 130 new hires.

Uhhhm, AI is the new play ground for banking titans? Software engineering, Data Science, Blockchain, all these are now 'forgotten'? Let AI have its moment, soon it's 'Empathetic Humans' that will become the hottest hires on Wall Street.

Tekedia Mini-MBA (Feb 5 – May 4, 2024) has started; registration continues here.

Tekedia AI in Business Masterclass opens registrations here.

Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.

The drama never ends, because humans are perpetually in search of the next big thing.