Autonomous Research’s London-based NEXT unit, which focused on FinTech and the future of finance, predicts cost savings of 22% for financial services firms globally by 2030, totaling $1 trillion.
The graphs above show a breakdown across banking, investment management and insurance, as well as front-, middle- and back-office. AR calls the outcome of AI applied to financial services “Augmented Finance”.
Autonomous Research was founded a decade ago around, well, autonomous and independent research. A few months ago, Alliance Bernstein acquired the firm for $110 million.