Another bank CEO is saying the change in the industry's human capital because of automation will be massive, although Deutsche Bank CEO John Cryan sees a silver lining in the bank employees' upskilling and taking on more interpersonal roles.
Deutsche Bank CEO John Cryan offered insight into how the financial world will change from automation and other technology at the Singapore Summit Although he said it's "very hard to say" just how many jobs will be lost, he projected "a lot of people over the next five to 10 years" will see their roles affected Technology threatens jobs in many industries, but one bank chief is already predicting that "a lot of people" in his industry will see their roles taken by automation in the next five to 10 years. 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.
