Robots are not a threat to bankers, say tech firms

Banks have made large headcount cuts over the last five to 10 years, driven by the financial crash and regulatory changes, says Grant Goodband, client manager at Thoughtonomy. Thoughtonomy is a technology company developing robotic workers for robotic process automation (RPA). While these external factors cannot be controlled, banks can decide how they react to such external factors, says Goodband: "The efficiency and flexibility of intelligent automation enables bank employees to react faster and in a more compliant manner." While this may sound great from a corporate profitability perspective, it will worry people in corporate treasury. But RPA vendors insist human workers have nothing to fear.