How Will Automation Impact the Finance Industry?

Technology makes life more efficient and enjoyable, but it doesn’t come without downfalls. Many financial workers are concerned about being replaced by robots, which raises the question: how will automation impact the finance industry?

 

Self-Checkout Banks

Financial industry automation has already started. It began when individuals were directed to different telephone options, instead of being able to talk to a human customer service representative. But, financial automation is likely to increase.

 

A good example is artificial intelligence (AI), such as Siri. You can have Siri make restaurant reservations and have pizza delivered. Aren’t there numerous small financial transactions that could be automated?

 

Kiosks and automatic teller machines (ATMs) allow for banks to provide services without paying for human coverage. Continued automation could reduce the number of bank tellers at their physical branches. Is automation a good thing for the finance industry?

 

You Can’t Stop Progress

There are some paradoxes concerning replacing humans with automation. No man wants to lose his job, but what can he do? Automation is cheaper and more efficient.

 

What happens when an unstoppable force meets an immovable object?

 

The other fact is that “No manager will admit that change is going to cause the loss of jobs.” Why? Because men would naturally resist the change.

 

An Australian study by Robert Half discovered that 46% of Australian CFOs are planning to implement automation efforts within the next year. Robert Half Asia Pacific senior managing director David Jones said, “[i]ncreased automation within Australian workplaces is not about destroying jobs, but rather, adapting to change – which in turn leads to new opportunities.” Workers don’t have a choice in the matter.

 

New Skills

 

The financial industry is very competitive. Customers want the best rates for their accounts, and the most efficient banks will increase their market share. Therefore, financial institutions are forced to automate.

 

The Robert Half study found that CFOs believed that financial employees would need to accrue new job skills. And, that only makes sense. They might become managers of automated tools.

 

Every industry faces automation challenges. The finance industry is likely to see skill changes. The hope is that employees can retain their positions by adding new skills. Automation will make finance more efficient.

This post was originally published on Etienne Kiss-Borlase’s Finance Blog. For more info about Etienne, please visit his homepage.

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How Will Automation Impact the Finance Industry?

Five of the Most Controversial Pieces of Art

Throughout the years, there are many pieces of art that have sparked conversation. But, some pieces of art make a bigger impression and cause controversy. Here are five pieces of artwork that have been considered scandalous.

 

Guernica by Pablo Picasso

This painting by Picasso is mural-sized, at 11 feet 5 inches tall and 25 feet 6 inches wide. The piece of art depicts the 1937 massacre of the Basque village of Guernica. The painting is controversial for political reasons, as it was a stand against the fascist regimes of Spain and Germany at the time. Picasso did not even want the painting displayed in France until peace had been restored to the country.

 

Fountain by Marcel Duchamp

The high point of the Dada movement, Marcel Duchamp submitted this piece to The Society of Independent Artists and was rejected, even though the rules of the exhibition stipulated all pieces be accepted. The piece was a standard urinal turned on its side, with “R.Mutt” written on it. The piece sparked conversations about what art was and refocused art’s purpose from physical practice to intellectual interpretation.

 

Myra by Marcus Harvey

Myra Hindley was one part of the duo responsible for the Moors murders. The portrait of her is made up of children’s handprints. When it was displayed at the Royal Academy of Art in London in 1997, protesters threw eggs and ink at the painting. Hindley herself even wrote to organizers of the exhibition, asking them to remove the painting because of the pain it would cause to the families of the victims.

 

Madame X by John Singer Sargent

Though the painting appears tame compared to plenty of artwork, this piece was the source of big controversy when it was displayed. The painting’s subject, Virginie Amelie Avegno Gautreau, was an infamous adulterer and her pose and dress offended the French sensibility. It was said that the woman’s pose was vulgar, arrogant and self-centered. The painting originally featured the strap of Gautreau’s dress slipping off her shoulder but was later repainted so the strap was in place.

 

The Death of Marat by Jacques Louis David

This painting depicts the murder of French revolutionary leader Jean-Paul Marat. Marat was stabbed by Charlotte Corday who felt he was partly responsible for the more radical course the revolution had taken. The painting was viewed as controversial because it depicts Marat as a martyr for the French Revolution.

This post was originally published on Etienne Kiss-Borlase’s Art-In-Trust website. For more info about Etienne, please visit his homepage.

Five of the Most Controversial Pieces of Art

How Will Automation Impact the Finance Industry?

Technology makes life more efficient and enjoyable, but it doesn’t come without downfalls. Many financial workers are concerned about being replaced by robots, which raises the question: how will automation impact the finance industry?

 

Self-Checkout Banks

Financial industry automation has already started. It began when individuals were directed to different telephone options, instead of being able to talk to a human customer service representative. But, financial automation is likely to increase.

 

A good example is artificial intelligence (AI), such as Siri. You can have Siri make restaurant reservations and have pizza delivered. Aren’t there numerous small financial transactions that could be automated?

 

Kiosks and automatic teller machines (ATMs) allow for banks to provide services without paying for human coverage. Continued automation could reduce the number of bank tellers at their physical branches. Is automation a good thing for the finance industry?

 

You Can’t Stop Progress

There are some paradoxes concerning replacing humans with automation. No man wants to lose his job, but what can he do? Automation is cheaper and more efficient.

 

What happens when an unstoppable force meets an immovable object?

 

The other fact is that “No manager will admit that change is going to cause the loss of jobs.” Why? Because men would naturally resist the change.

 

An Australian study by Robert Half discovered that 46% of Australian CFOs are planning to implement automation efforts within the next year. Robert Half Asia Pacific senior managing director David Jones said, “[i]ncreased automation within Australian workplaces is not about destroying jobs, but rather, adapting to change – which in turn leads to new opportunities.” Workers don’t have a choice in the matter.

 

New Skills

 

The financial industry is very competitive. Customers want the best rates for their accounts, and the most efficient banks will increase their market share. Therefore, financial institutions are forced to automate.

 

The Robert Half study found that CFOs believed that financial employees would need to accrue new job skills. And, that only makes sense. They might become managers of automated tools.

 

Every industry faces automation challenges. The finance industry is likely to see skill changes. The hope is that employees can retain their positions by adding new skills. Automation will make finance more efficient.

 

This article was originally published on EtienneKiss-Borlase.net.

How Will Automation Impact the Finance Industry?

Five of the Most Controversial Pieces of Art

Throughout the years, there are many pieces of art that have sparked conversation. But, some pieces of art make a bigger impression and cause controversy. Here are five pieces of artwork that have been considered scandalous.

 

Guernica by Pablo Picasso

This painting by Picasso is mural-sized, at 11 feet 5 inches tall and 25 feet 6 inches wide. The piece of art depicts the 1937 massacre of the Basque village of Guernica. The painting is controversial for political reasons, as it was a stand against the fascist regimes of Spain and Germany at the time. Picasso did not even want the painting displayed in France until peace had been restored to the country.

 

Fountain by Marcel Duchamp

The high point of the Dada movement, Marcel Duchamp submitted this piece to The Society of Independent Artists and was rejected, even though the rules of the exhibition stipulated all pieces be accepted. The piece was a standard urinal turned on its side, with “R.Mutt” written on it. The piece sparked conversations about what art was and refocused art’s purpose from physical practice to intellectual interpretation.

 

Myra by Marcus Harvey

Myra Hindley was one part of the duo responsible for the Moors murders. The portrait of her is made up of children’s handprints. When it was displayed at the Royal Academy of Art in London in 1997, protesters threw eggs and ink at the painting. Hindley herself even wrote to organizers of the exhibition, asking them to remove the painting because of the pain it would cause to the families of the victims.

 

Madame X by John Singer Sargent

Though the painting appears tame compared to plenty of artwork, this piece was the source of big controversy when it was displayed. The painting’s subject, Virginie Amelie Avegno Gautreau, was an infamous adulterer and her pose and dress offended the French sensibility. It was said that the woman’s pose was vulgar, arrogant and self-centered. The painting originally featured the strap of Gautreau’s dress slipping off her shoulder but was later repainted so the strap was in place.

 

The Death of Marat by Jacques Louis David

This painting depicts the murder of French revolutionary leader Jean-Paul Marat. Marat was stabbed by Charlotte Corday who felt he was partly responsible for the more radical course the revolution had taken. The painting was viewed as controversial because it depicts Marat as a martyr for the French Revolution.

 

This article was originally published on EtienneKiss-Borlase.ch.

Five of the Most Controversial Pieces of Art

What to Know Before Starting a Career in Finance

Fresh-out of high school and unsure of what you want to do for the rest of your life? Or, are you already working and in a career, but want a change? If so, you may have considered working in finance. Finance can be a lucrative career, but that doesn’t mean it’s the right fit for you. If you’ve been interested in pursuing finance as a career, here are a few things to consider.

 

It’s who you know, not what you know

These days, getting a job almost anywhere is about knowing the right people. But that sentiment is especially true in finance. Knowing the right people is much more likely to help you succeed than being the smartest person in the room. Develop close relationships with your coworkers and supervisors; you never know when you’ll need to lean on them for a position. Even if they can’t help you secure a new job, they have valuable, hard-earned knowledge they may be willing to impart to you.

 

The industry is always changing

Finance changes as swiftly as a river. New laws and regulations are continually emerging. The market could crash or soar at any given moment. Getting involved in an industry that changes as rapidly as finance can be scary. You need to be constantly learning, and relearning your position. If the market crashes and a recession begins, you may be out of a job. You have to be prepared to roll with the punches.

 

Past success doesn’t guarantee future success

Just because a strategy worked well for you in the past, it doesn’t ensure it’ll work well for you in the future. Because the industry is always changing, your methods have too also. It is not a career where you can get complacent; you must always be on the cutting edge. Clients will notice if you’re trying to coast off of a past win.

 

Not the right industry for everyone

Finance is a high-stress career. It involves lots of late nights, weekends spent working and on-call, and high stakes. If the downsides of the industry don’t scare you, or even excite you, it may be worth pursuing. If the only reason you’re interested in a career in finance is the chance you’ll become a millionaire, but aren’t prepared to put in the necessary work, you may want to consider another path.

This post was originally published on Etienne Kiss-Borlase’s Finance Blog. For more info about Etienne, please visit his homepage.

What to Know Before Starting a Career in Finance

Lesser Known Art Museums in the United States

If you’re looking to experience some of the great artwork housed in the United States, consider a trip to a museum you may never have heard of. Skip the MOMA and the Met this summer and instead, take the road less traveled.

 

Norman Rockwell Museum, Stockbridge, Massachusetts

Norman Rockwell was an author, painter and artist who reflected American culture in his art. The Norman Rockwell Museum is home to the largest collection of original Rockwell art, including 998 original paintings and drawings. The museum focuses on Rockwell’s work and his contributions to American society, popular culture and social commentary. Rockwell resided in Stockbridge for the last 25 years of his life, so museum visitors can see the influence of the area and the residents in his work on display.

 

The Dalí Museum, St. Petersburg, Florida

The Dalí Museum is the largest collection of the Salvador Dalí’s works outside of Spain. The museum holds over 2,100 pieces of his surrealist artwork, from every moment and in every medium of Dalí’s artistic activity. The museum was founded by Reynolds and Eleanor Morse, friends of Dalí’s who collected the artists work for 40 years before deciding to donate their collection for others to be able to experience the work.

 

Pulitzer Arts Foundation, St. Louis, Missouri

Some curators consider this to be the finest art museum in the United States because of the architecture. The spare, modern setting encourages careful looking and quiet contemplation. The museum is a non-collecting institution, meaning there are only three pieces permanently on display, and presents both classic and contemporary artwork.

 

Shelburne Museum, Shelburne, Vermont

The Shelburne Museum is a single collector museum initially founded in 1947 to display the Webb family’s collection of horse-drawn carriages. After realizing she could use it to create a “Collection of collections,” she began collecting historic buildings from New England and New York and relocated them to the Museums grounds. Now, there are 39 unique buildings, including a one-room schoolhouse, a lighthouse, a jail, and the 220-foot steamboat Ticonderoga, on 45 acres of land. The museum displays Impressionist paintings, folk art, quilts and textiles, furniture and American art.

 

American Visionary Art Museum, Baltimore, Maryland

Self-taught artists largely ignored by mainstream art museums have found a home at this eclectic art museum in Baltimore, Maryland. It’s America’s official national museum and education center for intuitive, self-taught artistry. The museum relies on guest curators to populate the collection, and sponsors exhibitions based on a theme and not a specific artist or art style.

This post was originally published on Etienne Kiss-Borlase’s Art-In-Trust website. For more info about Etienne, please visit his homepage.

Lesser Known Art Museums in the United States

Everything You Should Know About the Rockefeller Art Collection

Staying true to the Rockefeller legacy, David Rockefeller is still breaking records even after his death last year. The last surviving grandson of America’s first billionaire John D. Rockefeller, David Rockefeller’s private art collection recently became the most valuable single-owner private sale in American history, with more than 1,500 pieces being auctioned off in a four-day period. The impressive collection included works by Henri Matisse, Claude Monet, Georgia O’Keeffe and Pablo Picasso.


Though now considered one of the greatest art collectors of the 20th century, Rockefeller had no interest in art collection until Marga Barr, wife of the Museum of Modern Art’s first director, visited his home in 1948 and 
insulted the art he had on the walls. After that, Rockefeller and his wife Peggy decided to increase the quality of art they displayed in their home. Barr and her husband helped educate the Rockefellers about late 19th-century and early 20th-century artwork and offered them guidance as they started to acquired Impressionist and modern pieces.

 

The massive collection contains more than just paintings; the Rockefellers also collected furniture and porcelain, including a 256-piece Sèvres dessert service set that Napoleon brought with him after being exiled to Elba. The set sold for $1.8 million, setting a record for highest price paid for 19th-century porcelain.

As a child, Rockefeller’s father expected he give one-third of his allowance to charity. The importance of giving back to others was a lesson stayed with him until his death; all of the money raised at the auction will go to various nonprofit organizations close to Rockefeller’s heart, including the Museum of Modern Art, Harvard University, Rockefeller University and the Maine Coast Heritage Trust.


After the four-day auction concluded,
22 world records were broken and all pieces were sold for a total of $832 million. On the first night alone, over $646 million was made in sales. A “Rose Period” piece of Picasso’s, Fillette a la corbeille fleurie, sold for $115 million, the highest ever paid for a painting from that period of his work. This piece was previously owned by Gertrude Stein and was obtained by Rockefeller after the death of her partner Alice B. Toklas. A piece from Monet’s water lilies collection, Nympheas en fleur, sold for $84.7 million, the highest ever paid for one of his works. And, a Henri Matisse painting, Odalisque couchée aux magnolias, sold for $80 million, also a record-high for one of his pieces.

This post was originally published on Etienne Kiss-Borlase’s Art-In-Trust website. For more info about Etienne, please visit his homepage.

Everything You Should Know About the Rockefeller Art Collection