genai / news / / The Economic Times
HSBC's top executive Georges Elhedery stated that artificial intelligence will reshape jobs in finance.
HSBC is retraining all 200,000 employees to prepare them for AI-driven job changes.
KEY POINTS
- HSBC appointed its first chief AI officer, David Rice, in March to lead AI initiatives.
- Rival Standard Chartered is cutting 15% of corporate function roles, over 7,000 jobs, due to AI.
- AI is being deployed by HSBC in onboarding, risk monitoring, contact centers, and wealth management.
COMPANIES
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