AI adoption will trim banking industry costs by up to 20%

This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Dive Brief:  AI is expected to drive up to 20% in net cost reductions for banks as the technology is implemented across the industry, according to McKinsey & Company’s Global Banking Annual Review 2025 published last week. But AI-driven cost savings aren’t expected to last, as competition will erode gains for banks and savings will pass to customers rather than the industry ...