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Why bankers only see horses and technologists are creating cars

I was at a large bank’s wealth management conference recently, where the CEO was being quizzed about various areas including a lot about technology and FinTech. He made several statements that I noted with interest:“Roboadvisory services improves our s…

I was at a large bank’s wealth management conference recently, where the CEO was being quizzed about various areas including a lot about technology and FinTech. He made several statements that I noted with interest:“Roboadvisory services improves our speed-to-market and human productivity, but does not replace humans. In particular, I can see that artificial intelligence (AI) and machine learning makes it far easier for us to comply with and implement regulations and deal with regulatory change in the back office.”