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Wall Street banks opt for greater automation for grunt work to retain talent

HR Digest

An internal survey by Goldman Sachs junior employees detailing the crushing workload and the accompanying stress due to demanding bosses has led to some stocktaking about the working conditions in the industry and the high attrition rates. Banks now insist on weekend offs, no excessive overtime, and greater use of technology for routine work.

Banking 95
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How Blockchain Is Changing Finance

Harvard Business Review

Second, because it’s centralized, which makes it resistant to change and vulnerable to systems failures and attacks. Given the promise and peril of such a disruptive technology, many firms in the financial industry, from banks and insurers to audit and professional service firms, are investing in blockchain solutions.

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The Right Way for an Established Firm to Do an Innovation Pilot with a Startup

Harvard Business Review

With due diligence and decent design, these partnerships can go beyond good results and energize organizations that have become too comfortable or complacent with everyday routines. ” A fintech start-up enjoyed greater success piloting a security offering with a global bank. artpartner-images/Getty Images.

KPI 8