One in Ten UK Banking Jobs at Risk From AI

Zopa initiates campaign to reskill 100,000 UK banking workers in AI

UK digital bank Zopa has launched its Jobs 2030 campaign, a five-year initiative aiming to reskill 100,000 UK banking workers in artificial intelligence (AI) disciplines by 2030.   The effort comes amid potential job displacements affecting up to 27,000 banking workers, the bank said.    Its focus is on providing accessible and industry-aligned training for fintech professionals, including engineers, analysts, and operations leads.  The campaign…

AI threatens 27,000 banking jobs - Credit Connect

The UK banking sector faces significant job losses as banks invest heavily in artificial intelligence (AI). A report from Juniper Research and Zopa Bank indicates that 27,000 roles, or 10% of the workforce, are at risk by 2030. The industry plans to invest £1.8 billion in generative AI, aiming for productivity gains primarily in back office functions. UK banks are expected to invest over £1.8 billion in Generative AI (GenAI) by 2030 to boost pro…

UK Banks To Invest £1.8 Billion in GenAI By 2030 As Zopa Bank Unveils Plans To Re-Skill 100,000 Workers - Brand Spur

Digital bank Zopa and Juniper Research have today released a new study detailing the seismic impact of Generative Artificial Intelligence (Gen AI) on the UK banking sector.     UK banks are poised to invest over £1.8 billion ($2.5bn) in Generative Artificial Intelligence (GenAI) by 2030 to increase staff productivity, cut costs, and enhance user experience — underscoring the growing importance of Large Language Models (LLMs) in meeting evolving…

How Generative AI Will Reshape UK Banking: Zopa & Juniper Research Unpack A £1.8bn Transformation - FinanceFeeds

The UK banking sector is on the brink of a generational transformation powered by Generative Artificial Intelligence (GenAI). According to a landmark study by digital bank Zopa and Juniper Research, UK banks will invest more than £1.8 billion ($2.5bn) into GenAI systems by 2030. The technology is forecast to save 187 million hours of labour, generate £1.8bn in cost efficiencies, and redefine both back-office operations and customer experience. T…

UK banks to invest £1.8bn in generative AI by 2030, Zopa claims

UK banks are projected to invest over £1.8bn in generative AI by 2030, according to a study from Zopa and Juniper Research. Finance is among the sectors that could benefit most from a safe integration of generative AI, from the automation of menial tasks, to complex financial modelling to customer service and strengthened security. According to Zopa’s research, the productivity gains to follow from this period of investment are significant. The …

Generative AI's transformative role in the UK banking landscape

With a projected £1.8 billion investment, GenAI is reshaping the future of UK's banking sector.