IMPACT OF

ON
EMPLOYEMENT
THREATENED JOBS
Digitization in banking industry leads to the closing of
thousands of branches.(Employees losing their jobs)

Global banks cutting nearly 80,000 jobs this year, most

since 2015 | American Banker, 2019
 Banking sector to witness 30% job loss due to technology:
Vikram Pandit

Technology is going to hit the job market in the banking sector

massively and it is going to cut nearly 30 per cent of the jobs in
the industry, according to Vikram Pandit, former Chief
Executive Officer, Citigroup.

Projecting the threat behind technology developments,

Pandit said that in the next five years several jobs in the
banking sector will disappear.
CHANGING JOB ROLES IN BANKING

Early detection of credit card fraudulent transactions

Anticipate threats and security breaches and prepare to prevent information theft and misuse
Analytics based on web proxies logs, access logs and VPN logs

Credit risk stress modeling

Market risk and exposure analysis
Risk aggregation reporting
Transaction and anti money laundering forensics

Process modeler expert

Review current processes for higher efficiencies
Identify areas improvement through process automation
Create and implement solution for inefficiencies

Design, develop and deliver complex distributed ledger/blockchain technology application

Building out middleware and application layer systems that leverage predominantly the ethereum block chains
REQUIRED KEY SKILLS FOR NEW JOB ROLES IN BANKING
 RE-SKILLING THE EMPLOYEE

Why reskilling at banks matters more than ever?

The future work wont be about degrees, it will be

about skills.” says Stephane Kasriel,CEO OF Upwork.

Since employees in banking sector were adapted

to doing their routine and repetitive job so
re-skilling them with new skills such as artificial
intelligence and cloud computing etc. is necessary
for smooth running of banks and for taking the
process of digitization ahead.