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FinTech Talent

Avatar for andry brew andry brew
December 05, 2018

FinTech Talent

Avatar for andry brew

andry brew

December 05, 2018

Other Decks in Business

Transcript

  1. Illustration of Today Economy • the complexity and unpredictability of

    human /social behaviour leads to business sustainability problem • technology push business conventional relationship to reevaluate their partnership • the facts that dominant economic activity coming from strong business ecosystem • the challenge is how to make large scale socio economic impact
  2. Motivation : Industry 4.0 • Industry 4.0 -> cyber physical

    system -> enabling human to produce large- scale data -> human behaviour quantification • Key Technologies : data, computational power and connectivity; analytics and intelligence; human machine interaction; advanced production methods the environment Deloitte, Industry 4.0
  3. AI Potential McKinsey, Global Institute Analysis compared to other industries,

    financial industries have various type and large-scale data, with low to medium potential automation or AI implementation 2 type of possible AI applications: personalise product and fraud identification
  4. Deloitte, Tech Trend 2018 Today Talent As automation, cognitive technologies,

    and AI gain traction, companies may need to reinvent worker roles, assigning some to humans, others to machines, and still others to a hybrid model in which t e c h n o l o g y a u g m e n t s h u m a n performance. Managing both humans and machines will present new challenges to the human resources organization, including how to simultaneously retrain augmented workers and to pioneer new HR processes for managing virtual workers, cognitive agents, bots, and the other AI-driven capabilities comprising the “no-collar” workforce. By redesigning legacy practices, systems, and talent models around the tenets of autonomics, HR groups can begin transforming themselves into nimble, fast- moving, dynamic organisations better positioned to support the talent—both mechanised and human—of tomorrow.
  5. Today Talent • Skills of today vs skills of tomorrow:

    technological, social and emotion skills will become more important • We are exposed to the type of talents and market who value technology implementation • FinTech as the result of talent growth McKinsey, Skill Shift Automation
  6. Today Talent Financial services have been at the forefront of

    digital adoption, and are leading in the adoption of AI and robotic process automation as well. Data processing and collection, underwriting, and actuarial activities are all highly susceptible to automation, and AI can also improve quality in areas such as risk assessment, predicting customer demand and next product to buy, and personalising products. Banking and insurance will face one of the most pervasive workforce transitions in the years to come. Jobs such as tellers, financial analysts, and brokerage clerks will decline substantially, while the number of technology professionals and customer interfacing roles will grow. The need for workers who use mainly basic cognitive skills, such as data input and processing and basic literacy and numeracy, will likely decline, while the need for workers with advanced technology skills, and those with social and emotional skills, will grow.