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Friday, 19 Oct 2018

Technology and robots threatens job of bank employees

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Foto : Vikram PanditFoto : Vikram Pandit

News24xx.com -  Technological advancements that continue to show rapid development is being a scourge that threatens the land of work now. One of the jobs that are affected is the banking industry.


Automation and the use of significant technology is predicted to replace some jobs in the banking world. The number of employees on a number of banks in September 2017 was fell.


For example, quoted from the financial statements of PT Bank CIMB Niaga Tbk on Saturday, November 11, 2017, the number of employees of the company on September 30, 2017 recorded 12,981 people, its lower than the period of December 31, 2016 which reached 13,185 people. That is means, in nine months there was a decline in the number of employees that reached until 204 people.


The same thing also experience by PT Bank OCBC NISP Tbk, at the end of September 30, 2017, the number of employees of the company reached 6,511 people. This number fell from the period of 30 September 2016 that recorded 6,874 people.

Within one year, the number of employees of Bank OCBC NISP decline until 363 people.


In the company's financial statements, PT Bank Danamon Tbk recorded the number of employees on 30 September 2017 reached 30,226 people, but at the previous year which was at number 32.662 people or decreased until 2,436 people.

The decline in the number of employees is in line with the prediction of former Citigroup boss, Vikram Pandit.

He said the growing technology would be a threat for workers in the banking world. In the next five years, he predicts that 30 percent of jobs at the bank could disappear.


In an interview with Bloomberg, the 60-year-old man said the biggest threat of technology comes from artificial intelligence (artificial intelligence) and robots. These two technologies will replace the human resources that work in the back office.

"I see the banking world shifting from a large financial institution to a slightly more decentralized company," he said as quoted by Bloomberg.

 

 

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