Swedish regulator says bankers ousted by robots are still needed

Copenhagen

SWEDEN'S financial industry is growing at a fast enough pace to ensure that the thousands of bankers being replaced by robots will still be needed, according to the country's financial regulator.

A digital revolution is seemingly making humans redundant. But Martin Noreus, the deputy director-general at the Stockholm-based Financial Supervisory Authority, says most of the bankers affected won't have a hard time finding new work in the financial industry.