Jul 17, 2017 - Economy

The finance world is worried about automation

Chuck Burton / AP

A quarter of all financial services professionals are worried automation is going to negatively impact their job security, according to a LinkedIn survey.

Context: It's already happening. The Department of Labor projects employment for bank tellers will decline 8% from 2014 to 2024, for example.

The most worried finance professional: Retail bankers, with 34% saying automation was a significant concern.

Hedge your bets: 29% of financial advisors and wealth managers said the biggest threat to fintech is "reduced interaction" and less "feedback from human-client relationships."

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