ValidMind’s Post

I asked ChatGPT to write a poem to sales people about how to win over CFOs. In boardrooms where spreadsheets unfold, With numbers that twinkle, both timid and bold, There sits the CFO, so astute and so wise, Peering over glasses, assessing the prize. Oh, salesperson, tread with care and delight, For the market is down, and budgets are tight. But fear not this challenge, for I've tales to tell, Of CFO quirks, and how to sell them well. With coffee in hand, they start their long day, A caffeine-filled dance, keeping sleepiness at bay. Mention their mug, give a wink and a nod, It's a small insider joke, in the corporate façade. They love numbers, oh yes, and the tales they can weave, Not swayed by mere words, it's data they believe. So, pitch with precision, let figures sing loud, For in ROI and metrics, their heads are quite bowed. Long-term is their game, no short flings, they desire, A sustainable plan, that won't soon expire. Speak of the future, with foresight and grace, Show the long road ahead, at a steady, sure pace. But don't think them robots, cold, devoid of all feel, For beneath those sharp suits, there's a human ordeal. The downturn weighs heavy, on their shoulders it lies, Empathize with their role, see the world through their eyes. So, brave sales champion, with your product in tow, Win over the CFO, let your genuine self show. For in markets that dip, and economic despair, It's relationships and trust, that'll get you both there.

Aisha S Gani, Citi Sees AI Displacing More Finance Jobs Than Any Other Sector • About 54% of banking jobs have high potential to be automated • But banks will have to hire more AI managers, compliance staff 𝘉𝘭𝘰𝘰𝘮𝘣𝘦𝘳𝘨, 20 June 2024, https://lnkd.in/gxyPyd8t Citibank Inc.’s Global Perspectives & Solutions, 𝘈𝘐 𝘪𝘯 𝘍𝘪𝘯𝘢𝘯𝘤𝘦: 𝘉𝘰𝘵, 𝘉𝘢𝘯𝘬 & 𝘉𝘦𝘺𝘰𝘯𝘥, 17 June 2024, https://lnkd.in/gR-rx--j "• 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐓𝐚𝐥𝐞𝐧𝐭: The growth of AI may lead to fewer low-skilled roles in operations and technology, but governance and compliance roles will continue to grow. Our survey responses suggest AI talent availability is a challenge for banks and others (Figure 15). Talent wars are not over. Humans are still in demand." (page 10) (words in bold in original) "According to Accenture, nearly 𝒕𝒘𝒐-𝒕𝒉𝒊𝒓𝒅𝒔 𝒐𝒇 𝒂𝒍𝒍 𝒘𝒐𝒓𝒌 𝒅𝒐𝒏𝒆 𝒊𝒏 𝒃𝒂𝒏𝒌𝒊𝒏𝒈 𝒂𝒏𝒅 𝒊𝒏𝒔𝒖𝒓𝒂𝒏𝒄𝒆 𝒉𝒂𝒔 𝒉𝒊𝒈𝒉 𝒑𝒐𝒕𝒆𝒏𝒕𝒊𝒂𝒍 𝒇𝒐𝒓 𝑨𝑰-𝒅𝒓𝒊𝒗𝒆𝒏 𝒂𝒖𝒕𝒐𝒎𝒂𝒕𝒊𝒐𝒏 𝒐𝒓 𝒂𝒖𝒈𝒎𝒆𝒏𝒕𝒂𝒕𝒊𝒐𝒏. This is greater than the overall economy average of 40%. According to World Economic Forum, 𝒏𝒆𝒂𝒓𝒍𝒚 𝒂 𝒒𝒖𝒂𝒓𝒕𝒆𝒓 𝒐𝒇 𝒂𝒍𝒍 𝒋𝒐𝒃𝒔 𝒈𝒍𝒐𝒃𝒂𝒍𝒍𝒚 𝒘𝒊𝒍𝒍 𝒄𝒉𝒂𝒏𝒈𝒆 𝒊𝒏 𝒕𝒉𝒆 𝒏𝒆𝒙𝒕 𝒇𝒊𝒗𝒆 𝒚𝒆𝒂𝒓𝒔." (page 22) (words in bold+italics in original) (footnote references omitted)

I "sit down" in front of a screen to monitor how AI pipelines we designed for a hyper growth startup are performing. These are to reduce dependence on their customer success team. Suddenly my phone rings - its my relationship manager from HDFC Bank (an account I have not used for three years) assuring me that I can call her if I ever needed anything. I have never called my RM in last 6 years, neither do I plan to. I wonder is going to win this? Organisations that are ahead of the curve - adopting AI (while its still evolving) or the old guard who will wait and pounce when things get mature? 🤔 #AI #datapipelines

Citigroup's latest Global Perspectives & Solutions (GPS) report on AI in finance suggests a significant impact on the banking sector. The report predicts that over half of banking jobs are at high risk of AI automation, potentially affecting this industry more than any other. Key points: -Banking tops the list with 54% of jobs potentially automatable, followed by insurance (48%) and energy (43%). -Banks are expected to create new AI-related positions, such as AI managers and compliance officers. -AI could potentially increase global banking profits by $170 billion (9%) by 2028. The report indicates that while AI may automate many traditional banking tasks, it's likely to lead to a shift in job roles rather than widespread job losses. This transition will likely require significant reskilling efforts within the industry. #citi #banking #jobs #hiring #AI #ML #LLM #devops #business #data #banking #IB #tech #engineering #ASVAAI

https://lnkd.in/gg_UFUd7    "Golden Business Service" and Partner "Fotor" Carves A Path For Thousands of Brand New Inexperienced (AI) Entrepreneurs To Generate Income For Your Bank Accounts.               #hiringnow              #hiringalert               #urgenthiring              #wearehiring              #hiringtalent  https://lnkd.in/gS39AFcj    Utilize the Power of Visualization to Manifest Your Unprocessed Goals  

Perceived Threats BECAME Excellent Opportunities! With introduction of AI in to the world of #contentcreation, a common jargon is heard where humans with these skills are often considered the victims of #ai revolution, soon bound to become obsolete.   If you are a content creator / #writer , you must have faced this for sure! Let us take a sneak peak into the #history of other such instances and see what has transpired in the past in different fields and what was the outcome?    Automobiles and Horses: 🚗        Perceived Threat: The introduction of automobiles in the early 20th century was initially seen as a threat to jobs related to horse-drawn carriages, stable management, and blacksmithing.        Outcome: The automotive industry created new jobs in manufacturing, repair, and design. Additionally, the transportation sector expanded, creating opportunities for taxi drivers, truck drivers, and mechanics.    ATMs in Banking: 🏧        Perceived Threat: The widespread adoption of ATMs in the banking sector in the late 20th century was feared to lead to a reduction in bank teller jobs.        Outcome: While routine tasks were automated, the role of bank tellers evolved to focus more on customer service, financial advice, and complex transactions, enhancing their value and job satisfaction.    Computers and Office Jobs: 💻        Perceived Threat: The introduction of computers in offices in the 1980s raised concerns about job losses for clerical and administrative workers.        Outcome: Computers streamlined routine tasks, allowing workers to focus on more strategic and creative aspects of their jobs. New roles, such as IT specialists and software developers, emerged, increasing overall employment.    Industrial Automation: 🏭        Perceived Threat: The automation of manufacturing processes through robots and advanced machinery was seen as a potential threat to manual labor jobs.        Outcome: Human workers became essential for overseeing, maintaining, and optimizing the automated systems. #skilledworkers who could operate and troubleshoot advanced machinery were in high demand, leading to increased wages.   These examples illustrate that, historically, #technological #advancements have often complemented human skills rather than replacing them. From Worries to Wins: Perceived threats often turn into fantastic opportunities! 💯 What do you think?    

🤩The #fintech industry is on the rise! 📈 It's exciting to see the latest trends that are emerging in this space. 👉One of the most exciting developments has been the rise of open banking! #OpenBanking #FinancialFreedom 🤖Additionally, the use of AI and machine learning is becoming more commonplace, providing more accurate insights and allows companies to make data-driven decisions quickly. #AI #ML #DataDriven It's an exciting time for the Fintech industry and I look forward to seeing what the future holds! 🤩 📢If you are currently on the look out for a new role and have an interest in the Fintech industry, then get in touch - I have a pool of clients that I am sure would love to have a chat with you! #recruitment #hiring #opentowork #projectmanagement #businessanalysis #softwareengineering #dataengineering #ML #MachineLearning #AI #ArtificialIntelligence

While banks aren't rushing to hire AI executives , they are investing in the technologies more frequently. Banks that are serious about making digital transformations when it comes to AI should consider having a centralized leader to take on the job. Here's why.

The Impact of Regulatory Compliance, in ML Powered Fintech; A Guide for Hiring Managers The fintech industry is undergoing transformation thanks to machine learning (ML). With this transformation new challenges arise, particularly regarding regulatory compliance. Those responsible for managing ML products in the fintech sector must be well informed about the landscape. Possess the necessary skills and experience to ensure their products adhere to all applicable regulations. Outlined below are some considerations that should be taken into account when dealing with ML powered fintech products; 1. Safeguarding data privacy and security; Given that ML products handle amounts of sensitive personal data it is crucial to establish robust measures for data privacy and security. 2. Addressing fairness and bias; As ML algorithms can exhibit biases it is important to take steps to mitigate this risk. 3. Ensuring transparency and accountability; For users to have confidence in ML products they should be transparently. Accountable so that users can comprehend how they operate and how their data is utilized. These considerations highlight the significance of compliance, within the realm of ML powered fintech products.When recruiters are hiring for ML product management roles, in the fintech industry they typically seek candidates who possess the following skills and experience;  A grasp of ML principles and practices  Previous experience in product development within the fintech sector  Familiarity with the regulatory landscape governing ML powered fintech products  Proficiency in developing and implementing effective data privacy and security measures  The ability to address algorithmic bias effectively  Expertise, in designing and implementing transparent and accountable ML products By selecting ML product managers who possess these essential skills and experiences fintech companies can ensure that their ML powered products comply with all relevant regulations. #mlproductmanagement, #fintech, #regulatorycompliance, #productmanagement, #recruiting