Automation Benchmarks for Banking & Finance
Based on real AI automation analysis
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135
Companies Analyzed
$3,436,557
Avg. Cost Savings
34,635
Avg. Hours Saved
Top Processes Being Automated in Banking & Finance
| Process Name | Frequency | Avg. Hours/Month | Est. Annual Savings |
|---|---|---|---|
| Customer Onboarding and KYC | 17 | 789 | $331,380 |
| Digital Customer Onboarding | 13 | 812 | $341,040 |
| Regulatory Compliance and AML | 10 | 448 | $188,160 |
| Regulatory Compliance & AML | 8 | 554 | $232,680 |
| Regulatory Compliance Reporting | 8 | 433 | $181,860 |
| Customer Service and Support | 7 | 614 | $257,880 |
| Finance and Treasury | 7 | 276 | $115,920 |
| Customer Onboarding & KYC | 7 | 1004 | $421,680 |
| Compliance and Risk Management | 7 | 273 | $114,660 |
| Lending and Credit Operations | 6 | 563 | $236,460 |
Banking & Finance vs. Global Average
Avg. Cost Savings
$3,436,557
Global Avg. Cost Savings: $1,931,391
78% above global average
Avg. Hours Saved
34,635
Global Avg. Hours Saved: 19,009
82% above global average
Example Automation Reports in Banking & Finance
🇺🇸JPMorgan Chase
$35,352,518
potential savings/year
View Report🇺🇸Citigroup
$16,882,561
potential savings/year
View Report🇺🇸PNC Financial Services
$16,733,273
potential savings/year
View Report🇦🇷Banco Santander Río
$12,809,723
potential savings/year
View Report🇺🇸US Bancorp
$12,377,948
potential savings/year
View ReportOur analysis of 135 Banking & Finance companies reveals an average potential savings of $3,436,557 per year through AI automation. The most commonly automated process is Customer Onboarding and KYC, found across multiple organizations in this sector.
Companies in the Banking & Finance sector save an average of 34,635 hours per year by automating repetitive tasks. Common automated processes include Customer Onboarding and KYC and Digital Customer Onboarding, with most companies benefiting from AI-assisted automation.
Companies in Banking & Finance
135 reportsJPMorgan Chase
$35,352,518🇺🇸United States
Citigroup
$16,882,561🇺🇸United States
PNC Financial Services
$16,733,273🇺🇸United States
Banco Santander Río
$12,809,723🇦🇷Argentina
US Bancorp
$12,377,948🇺🇸United States
Charles Schwab
$9,983,840🇺🇸United States
Banco Consorcio
$9,819,405🇨🇱Chile
USAA
$9,323,625🇺🇸United States
Banco Galicia
$8,851,303🇦🇷Argentina
Truist Financial
$8,644,410🇺🇸United States
BanCoppel
$8,522,159🇲🇽Mexico
LPL Financial
$8,338,249🇺🇸United States
Moody's Corporation
$7,811,640🇺🇸United States
Gentera
$7,506,338🇲🇽Mexico
Navy Federal Credit Union
$7,497,036🇺🇸United States
M&T Bank
$5,508,617🇺🇸United States
Banco Macro
$5,314,521🇦🇷Argentina
AFP Modelo
$5,304,794🇨🇱Chile
Principal Financial Group
$4,958,235🇺🇸United States
American Express
$4,900,415🇺🇸United States
HSBC Argentina
$4,868,784🇦🇷Argentina
Raymond James Financial
$4,800,353🇺🇸United States
Banco de Occidente
$4,726,692🇨🇴Colombia
Grupo Bancolombia
$4,631,553🇨🇴Colombia
Capital One Financial
$4,566,974🇺🇸United States
AFP Habitat
$4,529,448🇨🇱Chile
Grupo Financiero Banorte
$4,509,725🇲🇽Mexico
Coomeva
$4,463,221🇨🇴Colombia
Bank of America
$4,406,135🇺🇸United States
Regions Financial
$4,399,453🇺🇸United States
Grupo Salinas
$4,320,977🇲🇽Mexico
Banco Caja Social
$4,205,875🇨🇴Colombia
Comerica
$4,183,722🇺🇸United States
Ally Financial
$4,070,497🇺🇸United States
Banco Galicia
$4,067,539🇦🇷Argentina
Banco Credicoop
$4,037,796🇦🇷Argentina
Banco Bice
$4,002,427🇨🇱Chile
Financiera Independencia
$3,970,063🇲🇽Mexico
Synovus Financial
$3,966,760🇺🇸United States
Scotiabank Mexico
$3,956,643🇲🇽Mexico
Afore SURA
$3,924,891🇲🇽Mexico
Afirme
$3,917,228🇲🇽Mexico
TD Bank
$3,860,705🇨🇦Canada
Multiva
$3,852,086🇲🇽Mexico
BanBajio
$3,815,487🇲🇽Mexico
Huntington Bancshares
$3,787,389🇺🇸United States
Santander Mexico
$3,745,088🇲🇽Mexico
BBVA Colombia
$3,634,934🇨🇴Colombia
ICBC Argentina
$3,594,564🇦🇷Argentina
Banco Itaú Colombia
$3,564,315🇨🇴Colombia
Banco Comafi
$3,479,279🇦🇷Argentina
SchoolsFirst Federal Credit Union
$3,444,138🇺🇸United States
Banco AV Villas
$3,397,630🇨🇴Colombia
Zions Bancorporation
$3,335,665🇺🇸United States
Scotiabank Colpatria
$3,319,659🇨🇴Colombia
Banco Itaú Chile
$3,191,801🇨🇱Chile
Banco Santander Chile
$3,159,333🇨🇱Chile
Afore XXI Banorte
$3,095,024🇲🇽Mexico
HSBC Mexico
$3,081,757🇲🇽Mexico
Banregio
$2,956,167🇲🇽Mexico
Afore Profuturo
$2,921,945🇲🇽Mexico
Banco Supervielle
$2,917,256🇦🇷Argentina
Cowen Inc
$2,875,289🇨🇦Canada
Baird
$2,679,935🇺🇸United States
AFP Cuprum
$2,391,525🇨🇱Chile
Banco GNB Sudameris
$2,194,668🇨🇴Colombia
Citibanamex
$2,142,178🇲🇽Mexico
GBM Homebroker
$1,994,501🇲🇽Mexico
Principal Mexico
$1,940,764🇲🇽Mexico
Banco Hipotecario
$1,908,165🇦🇷Argentina
Discover Financial Services
$1,899,930🇺🇸United States
Inbursa
$1,806,891🇲🇽Mexico
Banco Popular
$1,750,862🇨🇴Colombia
Cross Country Healthcare
$1,732,781🇺🇸United States
Scotiabank Chile
$1,670,739🇨🇱Chile
Wells Fargo
$1,629,612🇺🇸United States
Grupo Elektra
$1,592,122🇲🇽Mexico
Jefferies Financial Group
$1,579,485🇺🇸United States
Banco Azteca
$1,567,223🇲🇽Mexico
BBVA Mexico
$1,484,444🇲🇽Mexico
Goldman Sachs
$1,481,182🇺🇸United States
Banco Base
$1,458,483🇲🇽Mexico
Compartamos Banco
$1,445,342🇲🇽Mexico
Banco de Chile
$1,434,061🇨🇱Chile
Scotiabank Colpatria
$1,425,455🇨🇴Colombia
Monex
$1,416,986🇲🇽Mexico
Banco de Valores
$1,388,580🇦🇷Argentina
PenFed Credit Union
$1,387,327🇺🇸United States
S&P Global
$1,387,069🇺🇸United States
Finamex
$1,379,529🇲🇽Mexico
Lazard
$1,379,179🇺🇸United States
The D
$1,379,163🇺🇸United States
Citadel
$1,378,967🇺🇸United States
Banco de Bogotá
$1,376,108🇨🇴Colombia
Banco Ripley
$1,364,130🇨🇱Chile
Banco Security
$1,350,435🇨🇱Chile
Banco BCI
$1,333,922🇨🇱Chile
Piper Sandler
$1,319,459🇺🇸United States
Banco Falabella Chile
$1,245,465🇨🇱Chile
Invex Banco
$1,236,497🇲🇽Mexico
AQR Capital Management
$1,235,862🇺🇸United States
TIAA
$1,233,219🇺🇸United States
AFP Capital
$1,226,815🇨🇱Chile
Banco W
$1,201,068🇨🇴Colombia
Actinver
$1,189,974🇲🇽Mexico
Banco Patagonia
$1,184,413🇦🇷Argentina
First Horizon
$1,182,380🇺🇸United States
Houlihan Lokey
$1,181,568🇺🇸United States
Intercam
$1,124,008🇲🇽Mexico
KeyCorp
$1,117,432🇺🇸United States
Bridgewater Associates
$1,108,965🇺🇸United States
Moelis & Company
$1,076,935🇺🇸United States
Morgan Stanley
$1,045,331🇺🇸United States
Grupo Aval
$1,015,284🇨🇴Colombia
BBVA Argentina
$1,012,852🇦🇷Argentina
Centerview Partners
$1,006,586🇺🇸United States
Two Sigma
$1,006,034🇺🇸United States
Point72
$993,952🇺🇸United States
Banca Mifel
$980,402🇲🇽Mexico
Masari Casa de Bolsa
$941,169🇲🇽Mexico
Finandina
$889,281🇨🇴Colombia
Elliott Management
$871,062🇺🇸United States
Grupo Sura
$854,636🇨🇴Colombia
Evercore
$832,363🇺🇸United States
Viking Global Investors
$767,987🇺🇸United States
CIBanco
$733,671🇲🇽Mexico
Vector Casa de Bolsa
$726,380🇲🇽Mexico
Blacktoro
$677,406🇺🇸United States
Artha Capital
$672,802🇲🇽Mexico
Unifin
$660,806🇲🇽Mexico
PJT Partners
$648,920🇺🇸United States
Crédito Real
$590,336🇲🇽Mexico
FIBRA Monterrey
$529,697🇲🇽Mexico
Baupost Group
$501,678🇺🇸United States
Third Point
$383,861🇺🇸United States
By Country
🇺🇸AI automation in United States
Automation benchmarks
Reports
53
Avg. Savings
$4,252,436
🇲🇽AI automation in Mexico
Automation benchmarks
Reports
37
Avg. Savings
$2,478,643
🇨🇴AI automation in Colombia
Automation benchmarks
Reports
16
Avg. Savings
$2,665,703
🇨🇱AI automation in Chile
Automation benchmarks
Reports
14
Avg. Savings
$3,001,736
🇦🇷AI automation in Argentina
Automation benchmarks
Reports
13
Avg. Savings
$4,264,213
🇨🇦AI automation in Canada
Automation benchmarks
Reports
2
Avg. Savings
$3,367,997