A July report had mentioned that New York based Citigroup was starting a new Smart Automation Centre with a range of employees who would look after the automation wave hitting the bank jobs. One of the job postings for the centre told, "Must be entrepreneurial, and thrive in environments with a blank canvas that will allow you to flex your intellectual muscle to contribute to building a strategy from the ground up."
Other high profile employees in the field of finance are also speaking about the loss of jobs with the incoming wave of automation and robotics. Goldman Sachs' and JPMorgan are 2 more companies who are working at automating some of their functions.
"I don't want to get blindsided. It's less the technology, as such, providing a transformative element in the banking industry," told Swiss Bank UBS CEO Axel Lehmann in a Business Insider interview, last month.
"It's really alternative business models that has the potential to shake up everything and eat into our cake."