Fintech workforce to expand 19% by 2030 thanks to AI, Cambridge University predicts

  • “Using data collected in a global survey during 2019, the report analysed a sample of 151 fintechs and incumbents across 33 countries to paint a rich picture of how artificial technology is being developed and deployed within the financial services sector.
  • 30% of the fintechs surveyed indicated a substantial increase in profit as a result of AI, while only 7% of incumbents indicated such profitability.
  • Another key difference is that while incumbents expect AI technologies to replace almost 9% of jobs within their organisation by 2030, fintechs forecast that AI will expand their workforce by 19%.”

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