UBS, Switzerland's largest bank, said in an interview with Moscow's innovation director Veronica Lange: 'We are currently hiring more people for the AI sector, including data scientists, architects and Business analyst. '
Big multinational banks like UBS are using AI to search huge databases to better understand customers and markets, a move that helps banks stay competitive as more technology companies tap into the financial services industry .
Last year, UBS launched a robotic consultant that uses algorithms to help clients build and manage portfolios that require little or no human interaction, and in July this year Credit Suisse Group AG launched in Hong Kong and Singapore A similar digital consulting platform.
Lange said fraud prevention, investment optimization and risk management are also areas where artificial intelligence technology is used, and she did not specify the number of hires at UBS.
She said: 'In the past few years, we have set up a number of artificial intelligence projects, and we think artificial intelligence is a fundamental technology because the banks in the future will be cognitive banks.'
According to a 2017 survey by Deloitte LLP and the European Financial Management Association (EFMA), 9 of the 10 financial services firms surveyed are using artificial intelligence technology Europe, the Middle East and Africa, they found that the scarcity of skilled people is one of the biggest challenges they face in the field of artificial intelligence, especially at the end of some projects, which often lack training Su professional experts.
In sharp contrast to this situation, the current trend towards automation and digitization has reduced the number of staff needed at the bank, said Sergio Ermotti, chief executive of UBS, the bank's staff for the next 10 years The scale may be reduced by 30%, in part because of layoffs.
In a report on the findings, EFMA and Deloitte said although most companies can hire outsiders to fill the gaps in AI, they find it hard to find the right people, saying: 'So in the future There is great investment opportunity in the field of labor education.