How A.I. Can Change the Game For Those Working in Finance
*By Bridgette Webb*
The gradual rise of A.I. in finance may shift priorities for both employers and their employees, said Junta Nakai, global head of business development at fintech company Selerity.
"The desired skill sets in finance are changing and will continue to change," he said Thursday in an interview with Cheddar. "Instead of having the traditional accounting background, it may be more useful to know how to code."
According to a report from Adobe and Econsultancy, 61 percent of the financial companies surveyed already use artificial intelligence or plan to within the next year. Titans of industry like [Barclays](https://www.ft.com/content/3ab7cbf4-8281-11e8-96dd-fa565ec55929) and Goldman Sachs have already introduced the tech into their operations.
As it stands, finance, accounting, management, and economics are among universities’ [most popular majors](https://www.huffingtonpost.com/entry/are-robots-taking-over-the-worlds-finance-jobs_us_595508aee4b0326c0a8d0e23) around the globe. But research indicates 230,000 positions in finance may disappear by 2025, making business degrees a potentially harder sell.
Nakai said more A.I. may change the demand for workers in the finance industry, but he thinks the shift will prove effective. And for now, he added, automation is a trend that's here to stay.
"Automation has been a theme in finance for a very long time. I truly believe that the bank of the future relies on data and technology."
For more on this story, [click here](https://cheddar.com/videos/the-evolution-of-financial-technology).
International Master Alice Lee defeated grandmaster Irina Krush to win the American Cup – becoming one of the best women players in the world in the process – but she’s not stopping there.
You can track your sleep habits or heart rate, but how about your brain? Neurable's MW75-Neuro headphones turn your focus and productivity into data you can use to avoid burnout – here's how they do it.
Whether it’s a deepfake video of actor Tom Cruise discovering gum in a lollipop or President Joe Biden discouraging people from voting via telephone, you’ve likely come across a deepfake video, photo or audio recording.
Tensions in the South China Sea, Apple moving to India, and banning TikTok? The podcast ‘Face Off: The U.S. Versus China’ helps explain how we got here.
Cust2Mate is a leading innovator in retail technology, aiming to revolutionize the shopping experience. By implementing smart cart technology, the tech company addresses the issue of theft while enhancing the shopper's journey.
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
As we head into the second quarter, there’s an argument in favor of buying Boeing stock. Why? As one expert says, ‘there’s nowhere else to get planes.’
