AI's Promise: $140 Billion In Productivity Gains For Financial Services Firms

Artificial intelligence brings lots of promises to the financial services industry, whether it's through automating processes or adding more convenience for their customers. But now we can quantify just how big of an enhancement AI will have on the bottom line for financial services companies around the globe. Accenture recently studied the changing face of the workforce as disruptive technologies become more prevalent in companies around the world. The consulting firm found 48% of tasks in the financial services industry could be augmented with technology by 2025, which will result in a big increase in productivity. AI, for example, could aid financial advisors in making real-time stock picks or help loan underwriters better gauge the risk of borrowers.