If you are an HR person reading this, I’d like you to think about the people aspects of what this article talks about. Jobs are already being lost in the banking industry and I suspect that this is going to continue. But, at the same time, new jobs are being created in the burgeoning fintech industry. But different jobs.
Fintechs are, generally, small and agile, able to change quickly and seamlessly as the market changes – in fact they even create new markets. Our financial giants are monoliths – slow to change with “traditional” style leaders.
As HR, what would you be advising the boards of the large financial institutions?