Finextra

AI could cut banking industry's cost base by 20% - McKinsey's

AI could cut the banking industry's cost base by 20% or more, but most firms have so far only used the technology to boost individual employees' productivity, with negligible impact on the bottom line, according to a report from McKinsey's.

By Finextra

1 min read
AI could cut banking industry's cost base by 20% - McKinsey's
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