Half of all bankers in some part of the world could lose their jobs over the next decade as they are replaced by technology

Former Barclays boss Antony Jenkins issued a stark warning to more than one million people who work in the  financial services sector across the world.
Banks are facing their ‘Uber’ moment as up to half of jobs could be replaced by technology in the next decade, the

former boss of Barclays has warned.

Antony Jenkins – who was sacked in the summer – issued a stark warning to more than one million people who work in the UK’s financial services sector.

He said a ‘technical revolution’ in banking could echo the devastating impact the soaring popularity of the Uber mobile phone taxi app has had on cab drivers around the world.

Britain’s biggest banks have already invested huge amounts of money in technology to cater for the dramatic rise in people who want to bank online or on their smartphones rather than visit High Street branches, hundreds of which have been closed. But in an interview with BBC Radio 4’s In Business programme, Jenkins said the big lenders will struggle to compete with financial technology – or ‘fintech’ firms – in future.