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AI poised to replace entry-level positions at large financial institutions

CIO

Global banks and investment firms are currently mulling plans to replace entry-level financial analyst positions with artificial intelligence (AI), with as many as two-thirds of these positions potentially on the chopping block. Financial Services Industry, Generative AI, Robotic Process Automation

Banking 898
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Industry clouds give CIOs on-ramp to gen AI

CIO

And that’s all thanks to Beltzer’s decision to give RBC private equity advisors a vertical industry cloud that offered financial services out-of-the-box that are both customizable and extensible. Beltzer had consider Microsoft Dynamics, among other full-suite CRMs, before settling on Salesforce’s industry-focused offering.

Banking 836
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Think you can ignore quantum computing? Think again.

CIO

Some industries are more affected than others, such as healthcare, financial services, and higher education, where medical records, financial information, and academic records need to be protected for a lifetime. But some organizations in financial services have been very open about getting a head start.

Algorithm 875
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Should finance organizations bank on Generative AI?

CIO

As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. And the finance industry is investing to do so. billion by 2032.

Finance 822
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Financial Service Industry Veterans Launch New Retirement Solutions Platform

Wink Intel

Presents new research on why the industry’s “failure” approach to retirement planning is faulty ITHACA, N.Y. , Feb. 27, 2024 /PRNewswire/ — Retirement industry thought leaders Dr. Michael Finke and Tamiko Toland launch IncomePath, a novel solution provider that simplifies retirement income planning.

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Jackson Recognized for Highest Customer Service in Financial Industry for 12th Consecutive Year

Wink Intel

.–( BUSINESS WIRE )– Jackson National Life Insurance Company ® (Jackson ® ), the main operating subsidiary of Jackson Financial Inc. We are proud of our employees for continuing to provide award-winning service to our customers, furthering our mission of helping more Americans achieve financial freedom for life.”

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CIOs in financial services embrace gen AI — but with caution

CIO

Highly regulated, customer-centric, and dependent on layers of human involvement and manual processes, financial services are ripe for automation through artificial intelligence (AI). So business technology leaders in financial services are carefully navigating a path toward AI.

Banking 883