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What is FIN-TECH?
Fintech’s Expanding Horizons
AI and technological innovation has up-ended 20th century ways of trading, investing and banking.
But, what is FIN-TECH?
Many thanks.
64 months ago
1 answer
State Street Corp. is dismissing 1,500 employees in a push to cut costs and automate more of its business.
The reduction amounts to about 6 percent of the workforce in high-cost locations, the Boston bank. Senior management is also being trimmed by 15 percent, which Bloomberg News reported last week. The company had more than 39,000 employees as of the end of September.
“Structural costs are still too high and our automation efforts have not moved fast enough,” Chief Executive Officer Ronald O’Hanley said in the statement. “The changes we are making will position us well to realize our three-year strategic vision to be the leading asset servicer, asset manager, and data insight provider to the owners and managers of the world’s capital.”
So, FIN-Tech is not the salvation?
64 months ago
