Fintech Nexus Publication (February 1, 2024): New report says banking and tech might be most impacted by GenAI

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There’s a new report out at this time that appears on the impression of generative AI on the workforce and what industries might be most impacted.

We have now heard earlier than that white-collar jobs, these individuals with school levels might be most impacted. This report tries to quantify a few of this impression.

It analyzed the whole payroll and the share of this payroll that might be changed with AI. It concludes that 60 to 80 p.c of the payrolls at banking and tech firms might be impacted.

That’s an astoundingly excessive proportion, even on the low finish of that vary. 

Whereas this may increasingly at some point come to cross, I don’t suppose it’s all doom and gloom for fintech and banking staff. Like with any new expertise, new jobs might be created and the character of labor will change.

I believe we will safely say that in a decade the job of a typical government in finance will look very totally different than it does at this time. And it’s going to change quick.


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For some firms, the brand new expertise is a chance to reinforce productiveness and revenue. Will their staff profit as nicely?




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  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media firm targeted on fintech. Peter has been writing about fintech since 2010 and he’s the writer and creator of the Fintech One-on-One Podcast, the primary and longest-running fintech interview collection.



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