Wall Street Told to Fear the Machine as Emerging Tech Takes Jobs

Dear mid-level Wall Street worker, your computer is coming to get you.  From artificial intelligence to the blockchain, the world of finance is being transformed by emerging technologies, and that will mean lots of lost jobs, according to several panelists at the Milken Institute Global Conference. Software engineers, whole technology departments, and anyone who’s moving numbers from one spreadsheet to another is “going to get decimated,” Daniel Nadler, chief executive officer of Kensho Technologies Inc., said Monday on a panel about technology’s impact on Wall Street. Kensho provides data analytics to banks. “You have probably the most expensive utility infielders in the world here,” earning six figures for work of little real value, Nadler said. “Those people are not going to have jobs. It’s only shocking to the people who…


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