Finance
Citi Sees AI Displacing More Bank Jobs Than Any Other Sector
- About 54% of banking jobs have high potential to be automated
- But banks will have to hire more AI managers, compliance staff
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Citigroup Inc. said artificial intelligence is likely to displace more jobs across the banking industry than in any other sector as the technology is poised to upend consumer finance and makes workers more productive.
About 54% of jobs across banking have a high potential to be automated, the bank said Wednesday in a new report on AI. An additional 12% of roles across the industry could be augmented with the technology, Citigroup found.