Future of IT: Investment bank Goldman Sachs will appoint its CIO as Deputy CFO. Incongruity? No, a simple consequence of the computerization of the bank's trades. With automation, many jobs are being trapped.
Goldman Sachs' new digitized consumer loan platform, named Marcus, whose goal is to consolidate credit card balances, is another example of the magnitude of the automation work. Software, without human intervention says Marty Chavez. The project started just twelve months ago in the manner of a startup, he explains, housed in a space left empty by the 600 traders who left the company.
By Guillaume Sierries, on zdnet - February 7th 2017