A finance veteran says junior bankers aren't doomed — they're actually supercharged by AI (www.businessinsider.com)

Sopnendu Mohanty, cofounder and CEO of Global Finance & Technology Network and former chief fintech officer at the Monetary Authority of Singapore, says AI will supercharge — not replace — junior bankers. Mohanty argues AI tools will boost individual productivity the way smartphones and the internet did: enabling a single banker to reach and engage far more clients, deepen customer loyalty, and shift day-to-day work from repetitive tasks toward higher-value interactions. Senior industry figures echo this view: Kerry Blum of Goldman Sachs says AI assistants let junior staff do “high-impact work” while the models handle supporting tasks, and JPMorgan CFO Jeremy Barnum reports measurable efficiency gains across the bank. The takeaway for the AI/ML community is twofold. Technically, AI is being deployed as an operational assistant that automates routine analysis, client outreach, and drafting work — freeing humans to focus on judgment, relationship building, and oversight. Strategically, that implies a shift in workforce skills toward model supervision, prompt engineering, and domain expertise rather than outright headcount elimination. Still, the debate isn’t settled: Anthropic’s Dario Amodei warns of substantial entry-level displacement risk, highlighting the need for proactive reskilling, governance, and careful product design as these assistants scale across finance.