Autonomous Research Sees 22% Cost Reduction in Financial Services by 2030 through AI, Totaling $1 Trillion

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.