{"id":98793,"date":"2025-10-23T08:10:09","date_gmt":"2025-10-23T08:10:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/98793\/"},"modified":"2025-10-23T08:10:09","modified_gmt":"2025-10-23T08:10:09","slug":"mckinsey-says-bank-profits-face-possible-170-billion-ai-hit","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/98793\/","title":{"rendered":"McKinsey Says Bank Profits Face Possible $170 Billion AI Hit"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Banks face a hit to their bottom lines of as much as $170 billion if they don\u2019t adapt their business models to respond to customers turning to artificial intelligence to optimize their finances.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The consultancy firm predicted that customer uptake of agentic AI \u2014 effectively autonomous bots \u2014 would hit the profits banks earn from customer money in low interest accounts, according to a report from <a href=\"https:\/\/www.bloomberg.com\/quote\/13143Z:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">McKinsey <\/a>published Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"Banks face a hit to their bottom lines of as much as $170 billion if they don\u2019t adapt&hellip;\n","protected":false},"author":2,"featured_media":98794,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,2605,72,176,20913,1523,61,5232,60,123,5231,3667,80],"class_list":{"0":"post-98793","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-banking","12":"tag-business","13":"tag-finance","14":"tag-fixed-income","15":"tag-government","16":"tag-ie","17":"tag-interest-rates","18":"tag-ireland","19":"tag-markets","20":"tag-monetary-policy","21":"tag-policy","22":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/98793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=98793"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/98793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/98794"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=98793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=98793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=98793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}