{
  "id": 19486656,
  "title": "AI could cut banking industry's cost base by 20% - McKinsey",
  "url": "https://urgent.news/2026/11/11/ai-could-cut-banking-industrys-cost-base-by-20-mckinsey",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-11T00:01:00.000Z",
  "source": {
    "name": "Finextra",
    "slug": "finextra",
    "url": "https://www.finextra.com/newsarticle/48739/ai-could-cut-banking-industrys-cost-base-by-20---mckinsey"
  },
  "original_language": "en",
  "account": null,
  "summary": "AI could cut the banking industry's cost base by 20% or more, but most firms have so far only used the technology to boost individual employees' productivity, with negligible impact on the bottom line, according to a report from McKinsey.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}