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).
The former chief executive of Japanese beverage giant Suntory has acknowledged he was investigated on suspicion of possessing an illegal drug but has asserted his innocence despite resigning from his position.
Kellie Romack, Chief Digital Innovation Officer at ServiceNow, reveals the company’s latest announcement and how it’s shaping the future of work and tech.
Raina Moskowitz, CEO of The Knot Worldwide, unpacks the 2025 Global Wedding Report, from Gen Z trends to how Taylor Swift's wedding could reshape the industry.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
