The Future of Compliance Jobs - Planet Compliance

"I've seen the future of Compliance and it's not looking good for my profession." I had meant to write this article for a while now and started drafting yesterday, so it was a bit of a surprise when I found an article in the Financial Times this morning, which in large parts at least, discusses exactly the same subject. Well, I must be up to something, but to be fair I'm by far not the only one. The bottom line of the FT article is basically that thousand of Compliance jobs are at risk because of automated compliance systems using artificial intelligence. Following the financial crisis, banks had increased the number of Compliance staff significantly and according to an estimate from Citigroup the cost for the banking industry is about $270 billion each year.