Fintech Nexus Newsletter (February 1, 2024): New Report Says Banking And Tech Will Be Most Impacted By GenAI

প্লেটো দ্বারা প্রকাশিত

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একটি নতুন আছে রিপোর্ট out today that looks at the impact of generative AI on the workforce and what industries will be most impacted.

We have heard before that white-collar jobs, those people with college degrees will be most impacted. This report tries to quantify some of this impact.

It analyzed the total payroll and the percentage of this payroll that could be replaced with AI. It concludes that 60 to 80 percent of the payrolls at banking and tech companies could be impacted.

That is an astoundingly high percentage, even at the low end of that range.

While this may one day come to pass, I don’t think it is all doom and gloom for fintech and banking workers. Like with any new technology, new jobs will be created and the nature of work will change.

I think we can safely say that in a decade the job of a typical executive in finance will look very different than it does today. And it is going to change fast.

আলোচিত

Generative A.I.’s Biggest Impact Will Be in Banking and Tech, Report Says

By Steve Lohr

For some companies, the new technology is an opportunity to enhance productivity and profit. Will their workers benefit as well?

ফিনটেক নেক্সাস থেকে

> কীভাবে AI আরও গ্রাহক-কেন্দ্রিক পণ্য সরবরাহ করবে

টনি জেরুচা লিখেছেন

Galileo’s CPO, David Feuer, said AI and improving infrastructure allow financial services innovators to create more responsive products, including in BNPL.

> এমবেডেড ঋণ দিয়ে বণিক এবং ভোক্তাদের আর্থিক সুস্থতা উন্নত করা

By Brian Lanehart

Advances in embedded lending provide better options for consumers and higher sales with more certainty for merchants. It’s a win-win.

> Long Take: How the Machine Economy combining AI, blockchain, and Fintech is growing

লেক্স সোকোলিন দ্বারা

Examples of deeply innovative projects pushing at the frontier

পডকাস্ট

আমালিয়া আভ্রামভ, ব্যাঙ্কিংয়ের জন্য ডিজিটাল রূপান্তর বিষয়ে Amdocs-এর আর্থিক পরিষেবার প্রেসিডেন্ট

Amdocs-এর জন্য ফিন্যান্সিয়াল সার্ভিসেস-এর প্রেসিডেন্ট ব্যাঙ্কে ডিজিটাল রূপান্তরের চ্যালেঞ্জ এবং টুলস সম্পর্কে কথা বলেছেন...

এখন শুনুন

সম্পাদকীয় কার্টুন

এছাড়াও খবর মেকিং

How AI is affecting neobank jobs
Challenger banks, like traditional banks, are under pressure to operate with fewer expenses. Artificial intelligence is part of the answer, and the impact on the workforce may be profound.

India weighs more penalties on Paytm, including revoking payments bank license
The Reserve Bank of India is discussing more penalties on Paytm Payments Bank and may reach a decision within days, two sources familiar with the matter told TechCrunch, as troubles mount for the Indian financial services firm that serves more than 330 million customers. The central bank has internally discussed revoking the payments bank license.

Mastercard Says New AI Model Ups Fraud Detection by 20%
Mastercard has introduced a generative artificial intelligence (AI) solution to help prevent fraudulent transactions. The company has upgraded its Decision Intelligence solution to let it “scan an unprecedented one trillion data points to predict whether a transaction is likely to be genuine or not,” per a Thursday (Feb. 1) press release.

Global e-commerce shines, but are retailers facing equally favorable conditions?
Engaging in global e-commerce broadens access to a wider audience and opportunities for online sellers, but also introduces a set of significant challenges on a larger scale. Among other things, managing payments is a critical step for retailers to ensure a smooth customer experience from beginning to end. However, this constitutes one facet of several … Continue reading “Global e-commerce shines, but are retailers facing equally favorable conditions?” The post Global e-commerce shines, but are retailers facing equally favorable conditions? appeared first on Tearsheet.

আমাদের নিউজলেটার স্পনসর করতে এবং আপনার বার্তা দিয়ে 220,000 ফিনটেক উত্সাহীদের কাছে পৌঁছাতে, আমাদের এখানে যোগাযোগ করুন.

পিটার রেন্টন হলেন ফিনটেক নেক্সাসের চেয়ারম্যান এবং সহ-প্রতিষ্ঠাতা, ফিনটেকের উপর দৃষ্টি নিবদ্ধ বিশ্বের বৃহত্তম ডিজিটাল মিডিয়া সংস্থা৷ পিটার 2010 সাল থেকে ফিনটেক সম্পর্কে লিখছেন এবং তিনি এর লেখক এবং স্রষ্টা ফিনটেক ওয়ান-অন-ওয়ান পডকাস্ট, প্রথম এবং দীর্ঘতম চলমান ফিনটেক ইন্টারভিউ সিরিজ।

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