A financial services recruitment firm warned that the industry needs to embrace the wave of artificial intelligence (AI) transformation, but that the job market has not yet been significantly affected.
While the financial services industry is widely known as an industry undergoing major changes due to the rapid development of AI, Core-Asset Consulting found that Scottish CVs do not directly reference AI tools and applications. reported to be negligible.
And while no documented evidence of AI being used to replace employees has yet been recorded, we’ve heard from multiple blue-chip customers that it may not be too far off.
Mike Sturton, Managing Director, Core-Asset Consulting, commented:
“While some roles may inevitably disappear, new roles will emerge as a result. that’s what i’ve seen.
“Scotland has a thriving tech sector, which has allowed us to become a world leader in fintech.In theory, this should put us in an enviable position to take advantage of progress and change. ”
“But a collaborative approach across industry, government and academia is critical to ensuring we are ready to take advantage of change.”
He continued: “One example of future opportunities is the need for developers and engineers who can develop and maintain AI-powered systems.
“Financial services, more generally, always require the human touch, as customers require the experience and judgment of the highest quality experts at some point in the chain.”
AI may also create new job opportunities in the areas of compliance and cybersecurity, but Scotland remains an attractive destination for talent, offering added value to keep those looking to outsource the role. must be done.
“About 30 years ago, we faced a game-changing digital revolution,” Sturton said.
“We have successfully adapted a very traditional field, so there is no reason why we cannot be equally successful in the face of these changes.”
Founded in Edinburgh by Betsy Williamson in 2005, Core-Asset Consulting currently employs 23 people working across the financial services sector.
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