ON JANUARY 2ND, LOCAL TIME, DECEMBER 31ST, ACCORDING TO THE BRITISH FINANCIAL TIMES, AS AI ACCELERATES THE PENETRATION OF BANKING OPERATIONS, AND THE OFFLINE POINTS CONTINUE TO CONTRACT, IT HAS BEEN REPORTED THAT THERE IS A LACK OF ACCESS TO THE INTERNETEuropean BankThe industry is facing a profound re-engineering of manpower。Morgan StanleyIt is expected that by 2030 European banks will have lost about one tenth of their jobsMore than 200,000 people involved.
Yes, 35 banks have measuredLayoffsThe pressure is concentratedCentral services such as central backstage, wind control and complianceI don't know. On a current scale, 2.12 million employeesAbout 21.2 million people could be cutI DON'T KNOW. SEVERAL BANKS HAVE PUBLICLY MENTIONED THAT AI AND FURTHER DIGITIZATION CAN LEAD TO SOME 30% EFFICIENCY GAINS。
IN THE CONTEXT OF CONTINUED INVESTOR PRESSURE AND LONG-TERM LAG IN THE RETURN ON EQUITY COMPARED TO THE UNITED STATES COUNTERPARTS, BANKS ARE CONSIDERING AI TO BE THE BEST WAY TO ACHIEVE THISCatalyst for restructuring operationsI don't know. The Dutch bank ABN Amro has announced a reduction of about one fifth of its staff by 2028, while the chief executive officer of the French bank, Swavomir Kruppa, has made it clear that he will not be able to pay for his workReduction efficiency “no restricted area”.
MORGAN STANLEY BELIEVES THAT AI OFFERS A RARE OPPORTUNITY TO IMPROVE THE COST-INCOME RATIO BECAUSE OF THE TRADITIONAL MEANS OF REDUCING CAPITAL COSTSIt's starting to show little effectI DON'T KNOW. IN THE COMING YEARS, THE COMBINATION OF DIGITALIZATION AND AI MAY HAVE A CLEAR IMPACT ON EUROPEAN BANKING PATTERNS, WITH FRANCE AND GERMANY, WHERE RETAIL BANKS ACCOUNT FOR MORE AND LESS EFFICIENT INDICATORS, OR EVEN MORE SO。
THIS TREND IS ALSO CONFIRMED BY THE ANALYSIS OF THE SWISS BANK GROUP. THE BANK HAS BEGUN TO USE AI TO VIRTUALIZE THE IMAGE OF ANALYSTS AND SEND VIDEOS TO CLIENTS. JASON NAPIER, DIRECTOR OF EUROPEAN BANK OF SWITZERLAND STUDIES, POINTED OUT THAT THERE HAD BEEN STRUCTURAL CHANGES IN THE AUDITING, LAW AND CONSULTING SECTORSAND BANKS HAVEN'T REALLY RELEASED AI'S EFFICIENCY POTENTIAL.
AT THE SAME TIME, THE TOP OF THE BANK IS STEPPING UP “COMPENSATION”. IT IS KNOWN THAT THE BANK HAS ARRANGED 250 TOP MANAGERS TO ATTEND THE AI LEADERSHIP SUMMIT AT OXFORD UNIVERSITY。
HOWEVER, NOT ALL BANKERS ADVOCATE FAST HUGS FOR AI. MORGAN CHASE EUROPE, THE MIDDLE EAST AND AFRICA CO-SPONSORED CEO CONNOR HILLARY REMINDS BANKS THAT WHILE HUGGING AI, THEY HAVE TO KEEP THE BASICS. HE STRESSED THAT CHASE MORGAN WAS BALANCING EFFICIENCY GAINS WITH TALENT DEVELOPMENT TO ENSURE THAT YOUNG UNIVERSITY EMPLOYEES IN THE THIRD GRADE REMAINED WELL EQUIPPED WITH CORE SKILLS SUCH AS CASH FLOW MODELS AND MARKET EARNINGS。
1AI LEARNED FROM THE REPORT THAT, IN THE VIEW OF HILLARY, THE BANKING SECTOR MAY PAY A HIGHER PRICE IN THE FUTURE IF IT PURSUES AUTOMATION AND NEGLECTS BASIC CAPACITY-BUILDING。