Finance

What changes for finance and banking with AI?

What changes for insurance with AI?

Is the branch banking model dead when AI can handle account service, loan applications, and advice remotely?

What's a financial advisor for once portfolio construction and tax-loss harvesting are commoditized?

Does an audit still mean anything when AI drafted the work papers it's supposed to check?

Is manual bookkeeping just dead now that reconciliation is free?

Should finance still "close the books" monthly if AI can close them continuously?

What's the point of the CPA credential when the software already knows GAAP?

Do we still need the 100-hour analyst grind if pitch decks and comps build themselves?

What replaces the analyst-to-VP apprenticeship if the grunt work that taught judgment disappears?

How will AI change accounting firms like mine — a 40-person audit and tax shop?

If AI runs the models and drafts the memos, is the actuary the math or the signed accountability for a reserve estimate?

What's a bank branch for once most banking transactions and advice happen through an AI interface?

Does loan underwriting still need a human loan officer when AI can assess creditworthiness and approve routine loans instantly?

Who's accountable when an AI denies an insurance claim faster than any human could review it?

Does "the adjuster reviews the outcome" still count as human oversight, or is it theater?

Is underwriting judgment obsolete when AI prices risk from data the underwriter never sees?

What changes for private equity and venture capital with AI?

What changes for quantitative trading and hedge funds with AI?