Former Citi CEO Pandit Says AI Will Replace 30 Percent Of Banking Jobs Within 5 Years

Former Citigroup Chief Vikram Pandit predicts that up to 30 percent of back-office banking jobs could disappear in the next five years due to developments in artificial intelligence and robotics. In a Singapore interview with Bloomberg Television’s Haslinda Amin, Pandit said “Everything that happens with artificial intelligence, robotics and natural language — all of that is going to make processes easier,” adding “It’s going to change the back office.”

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