30% of banking jobs threatened by AI and blockchain

Industry experts believe that between 2 million and 6 million jobs will be lost over the next decade due to disruptive financial technologies like Artificial Intelligence (AI) and blockchain.

A report by Citigroup revealed that the downsizing of the bank workforce is about to accelerate as more technology takes over jobs humans used to do.

The smartphone revolution has already shifted the e-commerce landscape, along with sophisticated robo advisers and other technological advances in the financial sector.

Yet, at the same time, there are massive opportunities in the fintech space, with thousands of new ventures in all segments of finance.

Enormous sums of money being poured into such emerging financial technology, with over 70% of this investment is focused on making the customer experience better, according to Citi and CB Insights.

Recognising these simultaneous threats and opportunities, Saïd Business School, University of Oxford has launched a new online fintech programme in collaboration with GetSmarter.

The course is designed to equip you with the ability to identify opportunities for disruption in the financial services sector.

It also enables you to both launch new fintech ventures and harness new technology to build better financial services firms.

After successfully completing this highly interactive and supported online learning journey, you’ll walk away with:

• The expertise to draft, strategise and develop disruptive fintech innovations using appropriate tools and techniques.

• The ability to hypothesise about the effect new regulations will have on future commerce products.

• A knowledge of the future of money, markets and transactions, and possible future trends in fintech, regtech and proptech.

• A certificate of attendance from Oxford University as validation of your newfound fintech knowledge and skills.

Designed as a hands-on, experiential programme, it is being run by Nir Vulkan, Associate Professor of Business Economics at Oxford Saïd and David Shrier, business author and CEO of Distilled Analytics – both leading authorities on fintech.

The programme also features academics from the UK and the US, and over 60 curated expert perspectives from banking and technology guest speakers such as Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore, and Anne Boden, CEO at Starling Bank.

The programme will begin on 21 November 2017, and run for 10 weeks, after a 1.5 week Orientation Module.

For more information, click here.