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Bank Compliance Jobs at Risk as Nordea, Danske Target Robots

  • Nordea, Danske have hired by the hundreds to build compliance
  • Longer term, those big armies won’t be needed as AI improves
Updated on

The two biggest Nordic banks have both recently beefed up their compliance units significantly. Both say the extra headcount is temporary.

Nordea Bank Abp has hundreds of employees who scrutinize billions of transactions in order to catch anything that looks potentially criminal. It’s a costly, inefficient system that Mikael Bjertrup, head of the bank’s financial crime prevention unit, plans to change.