Veteran’s Finance Says it Won’t Doom Junior Bankers

Junior Bankers Should not World That Their Jobs are on the Line Because of AI, Says Sopnendu Mohanty, The Ceo of Global Finance & Technology Network, An Advisory and Investment Firm.

Mohanty, 53, Spent Nearly Two Decades Working at Citi, Where He Helped Lead the Bank’s Global Consumer Lab Network and Programs. In 2015, he became the singapore Central Bank’s First Chief Fintech officer.

He Said AI, Like the Internet and Smartphone, Will Help Bankers More Productive. With him, a single banker would be able to engage more clients, Mohanty Told Business Insider.

“When I Joined Banking in 1997, my ability to reach out to customers were limited. Smartphones and call centers – all those came late,” he added.

USING he will be a win -Win situation for the banks and their junior highs, Mohanty Said.

“Your Productivity Goes Up, you are engaging More Customers, you will Enjoy Better Customer Loyalty in the process,” He added.

Mohnty isn’t the only Finance Executive Who Said He Will Help, Rather than Hurt, The Careers of Junior Bankers.

Kerry Blum, a partner at Goldman Sachs, Said in an interview with the Financial Times Published Earlier This Month That He Will “Really Improve the Quality of the Junior People Are Doing.”

“They’re going to get to do high-impact work while they have learning from the he is assistant or he is doing other things to help,” Blum, the global head of the equity-structing grout with private management at Goldman Sachs, Said.

“I know if I was an intern or an analyst, I was a top use of the assistant tool right now,” she added.

The rise of he has fueled concertns that it is could Disrupt the Job Market by Eliminating Jobs. In May, Anthropic Ceo Dario Amodei Said in An Interview with Axios That He Could Wipe Out 50% of Entry-Level Office Jobs in the Next Five Years.

Jeremy Barnum, The Chief Financial Office of JPMORGAN Chase, Told Investors at the Company’s Annual Presentation in May He Waled Make the Bank More Efficient.

Barnum Said His Colleagues SHARED that they have found it to be useful, and it has HELPED “QUITE A BIT Too with their efficiency.”

“It ‘not just just just the amateurs who are helped by these to Tools. It’ Amazing Stuff, and we have High hopes for the efficiency Gain,” he added.