Deutsche Bank’s (NYSE:DB) Chief Executive John Cryan has been one of the company’s biggest proponents of job cuts over the past few years. However, the lender’s remaining 100,000 personnel may be facing a new threat from an unlikely source – robots.
Since late 2015, Deutsche Bank has embarked on a broad cost-cutting measure that has seen thousands of jobs gutted in a bid to restore profitability. Not unlike its industry rivals, the banking sector has been one of the hardest hit with profitability and revenues taking a recent dive – deep cuts have been viewed as a possible panacea.
Bloomberg, Deutsche Bank's CEO John Cryan
In parallel to this, Deutsche Bank and other lenders have been pursuing a variety of technological approaches and innovative strategies to help disrupt traditional banking. An unforeseen consequence may be further cuts to personnel because of a growing reliance on robotic employees.
Robots have several advantages over humans, especially when conducting even rudimentary cost-benefit analysis. For a business intent on profits and answering to its shareholders, the idea of no bonuses, no healthcare, and minimal considerations is quite appealing. At a recent banking event in Frankfurt, Mr. Cryan suggested that a large number of his current staff could be replaced by robots and that it was important to not impede this progress.
"We have to find new ways of employing people and maybe people need to find new ways of spending their time,” he commented in a recent report by the FT. Despite the sobering commentary, he did not explain any details of how many or precisely which jobs were in the crosshairs, only suggesting it would be a large number.
In order to sift for clues one only has to look at which jobs have already been cut en masse – this includes back-office, IT, and other traditional branch jobs. A future that includes robotic tellers at banks could be closer than some think however, especially if Deutsche Bank and other lenders are hell-bent on such a finality or invest strongly in this direction.
Mr. Cryan’s comments echoed a 2016 report from the World Economic Forum, which had predicted that Automation in the banking industry would result in the loss of 5 million jobs by 2020. This could be unwelcome news for banking employees looking to survive the job cuts.
Deutsche Bank’s (NYSE:DB) Chief Executive John Cryan has been one of the company’s biggest proponents of job cuts over the past few years. However, the lender’s remaining 100,000 personnel may be facing a new threat from an unlikely source – robots.
Since late 2015, Deutsche Bank has embarked on a broad cost-cutting measure that has seen thousands of jobs gutted in a bid to restore profitability. Not unlike its industry rivals, the banking sector has been one of the hardest hit with profitability and revenues taking a recent dive – deep cuts have been viewed as a possible panacea.
Bloomberg, Deutsche Bank's CEO John Cryan
In parallel to this, Deutsche Bank and other lenders have been pursuing a variety of technological approaches and innovative strategies to help disrupt traditional banking. An unforeseen consequence may be further cuts to personnel because of a growing reliance on robotic employees.
Robots have several advantages over humans, especially when conducting even rudimentary cost-benefit analysis. For a business intent on profits and answering to its shareholders, the idea of no bonuses, no healthcare, and minimal considerations is quite appealing. At a recent banking event in Frankfurt, Mr. Cryan suggested that a large number of his current staff could be replaced by robots and that it was important to not impede this progress.
"We have to find new ways of employing people and maybe people need to find new ways of spending their time,” he commented in a recent report by the FT. Despite the sobering commentary, he did not explain any details of how many or precisely which jobs were in the crosshairs, only suggesting it would be a large number.
In order to sift for clues one only has to look at which jobs have already been cut en masse – this includes back-office, IT, and other traditional branch jobs. A future that includes robotic tellers at banks could be closer than some think however, especially if Deutsche Bank and other lenders are hell-bent on such a finality or invest strongly in this direction.
Mr. Cryan’s comments echoed a 2016 report from the World Economic Forum, which had predicted that Automation in the banking industry would result in the loss of 5 million jobs by 2020. This could be unwelcome news for banking employees looking to survive the job cuts.
GCEX Secures MiCA Licence in Denmark as EU Crypto Regulation Takes Shape
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
