Revenue and cost impact of AI on financial services companies worldwide 2024
A 2024 survey highlighted the financial impact of AI across financial services companies. Nearly 30 percent of firms reported a five to 10 percent revenue increase attributed to AI, while 35 percent experienced a comparable level of cost reduction. Sixteen percent of respondents indicated a 10 to 20 percent revenue boost, and 17 percent noted similar cost reductions. Notably, 23 percent of companies reported a substantial revenue increase exceeding 20 percent through AI implementation.
