Robots Will Strike Asset Management Firms First
The rise of financial technology threatens all of Wall Street, a new survey shows.
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According to a new survey (PDF) from the CFA Institute, Wall Street is getting a bit worried about fintech replacing its jobs.
The majority of respondents, which included more than 3,000 chartered financial analysts around the world, view asset management as the industry most at risk from disruption by financial technology. Fifty-four percent of respondents said the sector would feel the biggest changes, followed by banking, securities, and insurance.