Consumer Willingness to Use Entirely Computer-Generated Support for Selected Financial Services

Consumer Willingness to Use Entirely Computer-Generated Support for Selected Financial Services

Proof Point

Majority consumers willing to use fully automated financial support and services

Consumer Willingness to Use Entirely Computer-Generated Support for Selected Financial Services

2016 (percentage)

Note: Data from Accenture’s consumer study of 32,715 adult consumers of banking, insurance and investment advice services across 18 markets

Proof Point Findings

  • Automated Financial Services – Using pre-programmed rules to automate financial activities without need for human intervention
  • Global Willingness – More than 70% of consumers globally willing to use entirely computer generated support for banking (71%) insurance (74%) and investments (78%), primarily taking into account speed and convenience of automated transactions
  • Key Growth Drivers – Include increasing digitization of financial transactions, growing artificial intelligence adoption in financial services, and rising consumer preference for faster, easier, and more convenient financial support and services

Accelerator

Market Disruption

Business Model and Practices

Business Model
and Practices

Sector

Financial Services

Source

Date Last Updated

August 10, 2017

Leave a comment