{"id":8022,"date":"2018-01-11T08:55:13","date_gmt":"2018-01-11T08:55:13","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=8022"},"modified":"2018-08-14T12:16:12","modified_gmt":"2018-08-14T12:16:12","slug":"new-technologies-will-reduce-bank-workforce-by-30","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/new-technologies-will-reduce-bank-workforce-by-30\/","title":{"rendered":"New technologies will reduce bank workforce by 30%"},"content":{"rendered":"<p>Vikram Pandit, former head of Citigroup financial corporation, believes that, in the next five years, automation, artificial intelligence and machine learning are expected to significantly reduce the need for human resources in the banking sector by as much as 30%. For example, Bank of America is continually examining technologies such as computer training and cloud computing, which will allow the bank to reduce costs by replacing employees.<\/p>\n<p>A recent report by Citigroup found that, by the year 2025, employment in the banking sector is expected to fall to 770,000 full-time jobs in the United States and 1,000,000 full-time jobs in Europe.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-8022 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Sberbank and Alfa-Bank make first Russian bank transfer using blockchain technology'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/sberbank-and-alfa-bank-make-first-russian-bank-transfer-using-blocking-technology\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/12\/2lRwcN4G0cCR8KpmOwWhQNLBE7QdSz0a6lu0LMIj-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-7396\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-7396'>\n\t\t\t\tSberbank and Alfa-Bank make first Russian bank transfer using blockchain technology\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Amazon plans to launch its own banking service'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/amazon-plans-to-launch-its-own-banking-service\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/shopping-e-commerce-icons-set-isometric_1284-4100-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-9564\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/shopping-e-commerce-icons-set-isometric_1284-4100-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/shopping-e-commerce-icons-set-isometric_1284-4100-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/shopping-e-commerce-icons-set-isometric_1284-4100.jpg 626w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9564'>\n\t\t\t\tAmazon plans to launch its own banking service\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Webinar: Real-World Use Cases for AI in Financial Services (Video: 60:28)'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/webinar-real-world-use-cases-for-ai-in-financial-services-video-6028\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2024\/04\/fb1f3c88-6d69-2e22-2340-12ace7ac5e0b1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-17576\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17576'>\n\t\t\t\tWebinar: Real-World Use Cases for AI in Financial Services (Video: 60:28)\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Vikram Pandit, former head of Citigroup financial corporation, believes that, in the next five years, automation, artificial intelligence and machine learning are expected to significantly reduce the need for human resources in the banking sector by as much as 30%. For example, Bank of America is continually examining technologies such as computer training and cloud &hellip;<\/p>\n","protected":false},"author":5,"featured_media":8023,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[80,193],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8022"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=8022"}],"version-history":[{"count":3,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8022\/revisions"}],"predecessor-version":[{"id":8188,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8022\/revisions\/8188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/8023"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=8022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=8022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=8022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}