A lot of people over the next five to 10 years will see their roles affected.
Deutsche Bank CEO John Cryan has made headlines before for his prediction that technology will end many banking jobs, but he offered more insight into exactly how the financial world will change in an interview with CNBC on the sidelines of the Singapore Summit.
The banking sector, he said unequivocally, will see many of its current roles automated. In fact, Cryan said, “it would be inappropriate not to say that’s the case — it’s not specific to our bank, in fact it’s a sector-wide phenomenon.”
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