Survey by Juniper Research and Zopa Bank reveals full return on investment in artificial intelligence over next five years
Survey by Juniper Research and Zopa Bank reveals full return on investment in artificial intelligence over next five years
Zopa Bank is looking for partners to join its programme to increase artificial intelligence (AI) skills in the banking sector.
The UK digital challenger bank also released the findings of a survey carried out with Juniper Research, which revealed that UK banks will save £1.8bn over the next five years as a result of investing the same amount in AI.
The survey found that 187 million hours will be saved, mainly as a result of back-office efficiencies.
Zopa is in early discussions with companies to join a coalition designed to upskill and reskill 100,000 banking professionals in AI disciplines by 2030.
The five-year Jobs2030 campaign, as it is known, will start by offering modules in AI disciplines for fintech workers, specifically engineers, analysts and operations leads.
Participants will receive training tailored to the UK banking sector. A generative AI (GenAI) engineering programme will also be introduced to support deeper technical upskilling, alongside the creation of the Zopa Coding Academy.
