Automation
Nordea CEO: Banker pay will probably fall when robots take over
A growing list of banks ditch humans as they rely more on automation.
The chief executive officer of Nordea Bank AB says his industry needs to rethink pretty much everything it’s doing to brace for the future. And that includes how much it’s paying bankers.
The Nordic region’s biggest financial conglomerate is already in the process of cutting 6,000 jobs as part of a shift toward relying more on technology and less on humans. But CEO Casper von Koskull says the search for more efficient ways of doing business won’t end once those jobs are gone.
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