Specialized industry groups-waste of
Money w AI
6 replies (most recent on top)
Nearly all banks did this like lemmings - doesn’t really make sense in most cases. One reason is for political managers to call dibs on large loan sectors with built in loan growth. Also to hide bad client acquisition performance.
Hey Mid Market banker here is a business card that says you are transportation, here commercial banker take this business card that says beverage you are now the beverage specialist.
It is a true clown show. What ever happened to the Whisky Specialist, lol
Agreed - group/verticals needs to go because it’s just an expense with 0 value. Higher paid positions with a lot of duplicated work. Leaders of 6 people with goals not being met. More has been done with less.
@a2 Don't give them another id--tic AI is going to save the world idea.
Why stop there?
Just pay an intern to feed executive questions into an AI that will do decision-making for the organization. Can really save a ton of money laying off the C-suite and VPs.
Agree. No value here and it expensive IMO