AI Boom in Fintech: Job Opportunities Surge as Companies Combat Fraud and Boost Salaries
May 23, 2024![AI Boom in Fintech: Job Opportunities Surge as Companies Combat Fraud and Boost Salaries](https://cdn.brief.news/images/stories/d2304427e73745bb45ef522639d8c6b8373a8d1262783d735a812813bf793af0cc84998f646677d99599d556101699577f91b32a81479f2013b89ed018d07870.png)
AI and data analytics integration in fintech is creating new job opportunities.
AI-related job postings have surged sevenfold since 2012, according to PwC Cyprus.
PwC study shows AI positively impacts productivity and salary growth in finance and computer science.
Job offers requiring AI skills are increasing rapidly, with salaries up to 25% higher in some countries.
Companies like Moody's and SoluGrowth Fintech are investing in AI to combat financial fraud.
The EU has approved regulations like the AI Act and Digital Services Act to regulate AI.
Adecco advises companies to invest in AI strategies and upskill employees to mitigate job losses due to automation.
Concerns about job security remain, but adapting to AI can lead to new opportunities and economic development.
Society must address challenges posed by AI-generated content to ensure truth and transparency.
Summary based on 16 sources
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Sources
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The Japan Times • May 22, 2024
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The Daily Star • May 22, 2024
Productivity and salaries boosted in sectors exposed to AI: study