AI in The Financial World -- AI Daily - Artificial Intelligence News

However, some people believe that there are some negative aspects that come along with the adoption of AI in specific work environments. They think that the problems that arise are more severe than the improvements that will be made to the current'working-life': Since the data that is being handled is overly sensitive, the case of errors, faults, and failures will inevitably end up costing the bank a lot of money and time. Although AI might increase the productivity of the specific job that is being replaced, this may lead to lower morale and effort from the other employees, as they will also begin to feel'replaceable'. In turn, this will cause a depreciation in their efficiency (resulting in firing/termination) or voluntary resignation. This will place an overall burden on places such as banks, as AI can replace the tellers, CSEs, and various officers.