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GenAI in Financial Services: What $340B in Annual Value Potential Actually Means for Your Team Jun 14, 2026

McKinsey's estimate that generative AI could create $200-340 billion in annual value for banking alone is the most-cited statistic in every GenAI board presentation. It's also the most misunderstood. ...

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GenAI in Financial Services: What $340B in Annual Value Potential Actually Means for Your Team Jun 14, 2026
GenAI in Financial Services: What $340B in Annual Value Potential Actually Means for Your Team Jun 14, 2026
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Alankar Joshi

Alankar Joshi is an MBA (IESE) with a career spanning corporate finance, investment, and the jewelry industry. He is the founder of AIforCFO.com — a practitioner-led AI education platform for CFOs and senior finance leaders across Southeast Asia and APAC — and serves as Affiliate Faculty on the SMU CFO Programme. He builds AI tools that finance executives actually use, grounded in the workflows of the Office of the CFO.