economy
Lloyds: UK Financial Service Leaders AI Confidence Grows
Lloyds survey finds UK financial services leaders are increasingly confident with AI investment and technology deployment, helping to drive growth plans
TL;DR
- 94% of UK financial services leaders expect business growth over the next decade, an increase from previous years.
- Confidence in AI and technology deployment is driving growth plans, with 77% of firms seeing investment as a growth lever.
- 93% believe AI and machine learning will significantly impact the UK financial services sector in the next five years.
- 91% of leaders plan to increase investment in AI within the next 12 months.
- 64% of respondents expect capital expenditure to increase year on year.
- Seven in 10 respondents believe the UK will retain its leadership in financial services.
- Regulation, international connectivity, and professional services infrastructure are seen as UK advantages.