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.
