Replacing Wall Street jobs with robots - CBInsight

There's lots of talk about the effect that FinTech (or, at least the artificial intelligence (AI) and smart machines it's producing) will have on jobs in the financial services industry. Here are a couple of examples. In a recent CFA Institute survey, respondents indicated that automated financial advice tools will have the largest impact on the asset management sector, followed by banking, securities, and insurance. At the recent Milken Institute Global Conference, Daniel Nadler, the chief executive of finance at the analytics firm Kensho, said traditional financial services firms, like J.P. Morgan, will still be here in the long run -- "they'll just be more efficient." He goes on to say "Analysts, young associates, vice presidents -- anyone whose job is moving a column of data from one spreadsheet to another is going to get automated."