Tuesday, June 14, 2016

Outsource and Automate Wall Street

The capitalist whirlwind is heading towards Wall Street too. Give the bastards a taste of their own medicine:
Squeezed by low interest rates, shrinking trading revenue, and nimbler technology-based competitors, banks are racing to remake themselves as digital companies to cut costs and better serve clients. In other words, they’re preparing for the day that machines made by men and women take over more of what used to be the sole province of humans: knowledge work. Call it self-disruption.

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