Bankers will see three-quarters of the workday transformed by AI

Banks can boost their productivity by as much as 30% using generative AI over the next three years, according to Accenture. — AFP

Artificial intelligence is likely to replace or at least lend a hand in tasks that take up almost three-quarters of the time bank employees now spend working.

That’s the conclusion of a new analysis by consultancy Accenture, which said banking has the potential to benefit more from the technology than any other industry. Just 27% of employees’ time currently has a low potential of being transformed, according to the analysis.