This post references an article originally published by the Financial Times on June 12, 2018.
Citigroup’s investment bank suggested it will get rid of up to half of its technology and operations staff in the next five years–this comes as no surprise as machines are beginning to takeover humans in the banking industry. As the industry begins its digital shift, Citi President Jamie Forese starkly suggested that most operational roles at Citi were “most fertile for machine processing”.
Increasingly, banks will have algorithms for FX transactions increasing the need for FX Rate Integrity.
To read the full article from Financial Times click here.