New value generative A.I. could create for banks
By business category
The horizontal bars show the potential dollar value that generative AI could bring to banks in the near future according to a June 2023 analysis by McKinsey.
Traditional
AI + analytics
Advanced
AI
Generative
AI
Capital markets + investment banking
$14B
$10B
$5B
$29B
Asset management
$28B
$21B
$10B
$59B
Corporate banking
$154B
$111B
$56B
$321B
Wealth management
$21.48B
$15.34B
$8.18B
$45B
Retail banking
$146B
$106B
$54B
$306B
Software engineering
$0
$0
$48B
$48B
Risk + legal
$289B
$84B
$12B
$385B
IT + finance
$0
$8B
$2B
$10B
Talent + organization
$8.53B
$5.68B
$3.79B
$18B