{ "docId": "019dd923-5ca1-7489-b639-6b12903e0170", "docSlug": "32e0484e19423b1f", "documentTitle": "Emerging GenAI Use Cases Credit", "authorId": "McKinsey", "authorName": "McKinsey", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.778, "pageNumber": 2, "pageCount": 17, "prevPage": 1, "nextPage": 3, "slideType": "appendix_methodology", "function": "establish_context", "density": "overcrowded", "nDataPoints": 5, "notes": "Includes a stacked bar chart representing historical survey data from Oct 2023.", "elementsJson": [ "headline_text", "paragraph", "bar_chart_100pct", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5ca1-7489-b639-6b12903e0170/2", "deckHref": "/decks/019dd923-5ca1-7489-b639-6b12903e0170", "deckJsonHref": "/decks/019dd923-5ca1-7489-b639-6b12903e0170.json", "deckAnchorHref": "/decks/019dd923-5ca1-7489-b639-6b12903e0170#slide-2", "components": [ { "bbox": null, "kind": "callout", "text": "We heard from 80% of the CROs in North America that they were expecting to implement the first GenAI application by Q4 2024.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd951-cdee-73ea-b05e-4e8d6caa4a48", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.92, "x": 0.04, "y": 0.68 }, "kind": "chart", "text": "Stacked bar chart showing implementation expectations of CROs in Oct 2023", "attrs": null, "subkind": "bar-stacked-100pct", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d5e7c11e-885b-4c86-967b-bc9f0c1bc329", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "metric", "text": "CRO adoption expectations: 80%", "attrs": null, "subkind": "primary", "toolName": "Quantification", "toolSlug": "quantification", "confidence": null, "componentId": "019dd951-cdee-73ea-b05e-530f2bb2db38", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.07, "w": 0.92, "x": 0.04, "y": 0.23 }, "kind": "paragraph", "text": "This research was conducted using a combination of interviews carried out in Q3 2024 and a flash survey conducted in Dec 2024. 33 institutions participated in the interviews and 33 institutions participated in the online survey, representing a total of 44 unique institutions.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8bb9fa80-09b0-4217-ba9c-038691aa108d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.92, "x": 0.04, "y": 0.87 }, "kind": "paragraph", "text": "We will be sharing the results with participating members as well as conduct webinars in March 2025 which are open to all IACPM members", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8f2e509e-ed92-4322-8772-7246bfd62847", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.92, "x": 0.04, "y": 0.39 }, "kind": "paragraph", "text": "In this webinar, we will discuss the findings from our jointly conducted research, including both interview and flash survey results. We will also compare the findings with an article McKinsey published in July 2024 based on insights from roundtable conducted in Oct 2023 with CROs of 24 North American financial institutions to understand the state of adoption for GenAI use cases within a year of the launch of ChatGPT. CROs were enthusiastic about GenAI use cases: We heard from 80% of the CROs in North America that they were expecting to implement the first GenAI application by Q4 2024", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "96569f0f-6b75-4bc4-ac14-b0d11c4d1efe", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.92, "x": 0.04, "y": 0.32 }, "kind": "paragraph", "text": "These financial institutions encompassed Mega Banks, Super Regionals, Core Regionals, and others across North America, Europe, Asia, and Africa", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "acc20fbe-a282-4247-8d2a-2fde99f15e6a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.92, "x": 0.04, "y": 0.57 }, "kind": "paragraph", "text": "Since then, LLM models have evolved rapidly and so have the use cases and factors defining success", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b8bebf82-e576-4785-8ab3-9ba3e80695e9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.92, "x": 0.04, "y": 0.16 }, "kind": "paragraph", "text": "IACPM and McKinsey jointly conducted a research in 2024 to understand key emerging GenAI use cases in Credit and its challenges, risks, investments and returns.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e7799909-9e7d-41b1-8c6e-e15dfeedb190", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.6, "x": 0.04, "y": 0.95 }, "kind": "source-note", "text": "1. Link to the roundtable publication: https://www.mckinsey.com/capabilities/risk-and-resilience/our-insights/embracing-generative-ai-in-credit-risk", "attrs": { "numbered": true }, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c68c6697-4be3-42fb-9885-bbc65d40513c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.4, "x": 0.04, "y": 0.08 }, "kind": "title", "text": "Context and overview of the research", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "25a47bee-23bc-4bb9-a130-911c7af01014", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.3, "x": 0.04, "y": 0.62 }, "kind": "title", "text": "Expectation of CROs from NA in Oct 2023", "attrs": null, "subkind": "subtitle", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "efbce736-62c8-4e8f-a51c-c67b4616d05f", "frameworkName": null, "frameworkSlug": null } ], "metrics": [ { "metricRaw": "CRO adoption expectations", "numberRaw": "80%", "numberKind": "percent", "actionTitle": null, "calloutText": "We heard from 80% of the CROs in North America that they were expecting to implement the first GenAI application by Q4 2024.", "numberScale": null, "numberValue": 80, "metricFamily": "share_penetration", "numberCurrency": null } ], "tools": [], "frameworks": [], "arcBeats": [ { "to": 3, "from": 2, "beatId": "81239e13-b9a5-4aed-a774-9f06abd7da31", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Situation & Context", "beatSlug": "consultants-gambit-situation-context", "evidence": "The deck provides an overview of the research and survey methodology.", "position": 0, "confidence": 0.8, "parentBeatName": "Setup", "parentBeatSlug": "setup" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }