Saxo Bank, a Danish bank that specialises in online trading, is cutting jobs in a drive to "digitise" and "streamline" its business - just days after warnings at Davos that up to a third of roles in financial services could be at risk thanks to automation and artificial intelligence.

Group CFO Steen Blaafalk said in a statement on January 25 that the decision "should be seen in the light of our ongoing efforts to streamline and digitise a range of processes in the bank".