AI could eliminate up to 70% of manual risk tasks in banks, free capacity for strategic roles: McKinsey

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McKinsey said banks could reinvest half of the capacity released through automation into stronger analytical capabilities, strategic risk advisory and faster portfolio decisions. The remaining capacity could be directed towards specialised AI engineering, data governance and platform development.

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AI could eliminate up to 70% of manual risk tasks in banks, free capacity for strategic roles: McKinsey

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