The Power of AI and Automated Retail Banking

There is much talk in the industry about robo-advisors and automated investing. How about the potential of automated retail banking? The industry is in for a lot of AI-inspired change. In 2008, Warren Buffett famously floated the idea of a million-dollar bet against hedge fund managers. He would invest a million dollars in Vanguard's 500 index fund, while the hedge fund managers would invest however they saw fit.