The case

Economic historians will probably one day describe the current era in Swiss banking as a turning point with major personnel changes. Never before have so many bank employees changed jobs in such a short space of time. Hardly a week goes by without several financial institutions announcing new employees. Those looking to change jobs are no longer just ex-CS employees, but the desire for change can be felt throughout the industry.

Source: finews

The commentary

In addition to the increased demands and expectations of employees and the increased cost pressure on the part of financial institutions, there is another factor to be considered: The use of artificial intelligence (AI) in human resources, among other areas. Financial institutions must also be more aware of legal aspects when using AI. This is because with the increasing integration of AI, data protection and security must be guaranteed, especially if employee data are also used for the further development of AI models. The question arising now is whether financial institutions are up to these challenges.

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