Study Data · Part 1 · Indicator Deep-Dive Analysis

How many agentic AI engagements does your employer run for banks today?

Indicator C079 · By Phil Hatch · Akholi · October 9, 2026

Indicator Specification

Table 1. Indicator specificationTable
FieldValue
Indicator codeC079
Question as askedHow many agentic AI engagements does your employer run for banks today?
Failure categoryNot one of the 100 rated indicators
Place in the surveyVendor Details > 4.1 Vendor Profile > Profile
Indicator classPerceived fact
Indicator typeTyped number
Response scaleA number, as typed or recorded
Answering base328 of 850 respondents, across 150 of 150 engagements
Non-answersI do not know 242, I prefer to not answer 0, blank 280

Summary of Findings

Table 2. Key results: association of the indicator with the four study measuresTable
MeasureFormnr95% CIp
Cancellation rateDescriptive contrast150 engagements0.02−0.14 to 0.180.833
Customer satisfactionClean estimate94 engagements0.09−0.11 to 0.290.390
Engagement indicator meanFull150 engagements0.03−0.13 to 0.190.743
Intent to leaveRespondent level, clustered312 respondents−0.05−0.21 to 0.100.501

Respondents reported how many agentic AI engagements their employer ran for financial institutions, with the mean close to the median (mean 24.6, median 25.0, n = 328 respondents). The association with cancellation was equivalent to zero (TOST p < 0.001). The association with customer satisfaction on active engagements was equivalent to zero (TOST p 0.018). The association with the engagement indicator mean was equivalent to zero (TOST p < 0.001). The association with intent to leave was equivalent to zero (TOST p 0.001). The count did not differ after Holm control by any segment family (Holm p 0.683 or higher in every family).

Distribution of Responses

Table 3. Distribution of responses, respondent levelTable
AnswerRespondentsShare of answered (base 328)Cumulative shareEngagements with at least oneShare of 150 engagementsDistressed
5.0 to 8.5154.57%4.57%74.67%Not applicable
8.5 to 12.0144.27%8.84%85.33%Not applicable
12.0 to 15.5298.84%17.68%149.33%Not applicable
15.5 to 19.0206.10%23.78%85.33%Not applicable
19.0 to 22.56018.29%42.07%2617.33%Not applicable
22.5 to 26.03610.98%53.05%1912.67%Not applicable
26.0 to 29.55717.38%70.43%2516.67%Not applicable
29.5 to 33.0216.40%76.83%96.00%Not applicable
33.0 to 36.53610.98%87.80%1610.67%Not applicable
36.5 to 40.04012.20%100.00%1812.00%Not applicable
I do not know242Not in baseNot in base13288.00%Not applicable
I prefer to not answer0Not in baseNot in base00.00%Not applicable
Answered, total328100.00%150100.00%
Table 4. Distribution of responses, engagement levelTable
Engagement level summaryEngagementsMean of engagement meansSDMinMedianMaxEngagements with a distressed meanShare of engagements distressed
Engagement means, as recorded15024.49.05.025.040.0Not applicableNot applicable

The study set mean was 24.6 on 328 answering respondents, with a median of 25.0.

Descriptive Statistics by Segment

Table 5a. Descriptive statistics by segment, part 1 of 2Table
SegmentBaseAnsweredAnswer rateEngagementsMean95% CISD
Study set85032838.59% of 85015024.623.6 to 25.68.9
Outsourcing model
CXM2328938.36% of 2324223.721.5 to 25.910.3
ITO2449538.93% of 2444025.624.0 to 27.17.5
BPO2097234.45% of 2093725.022.9 to 27.19.0
KPO1657243.64% of 1653124.022.1 to 26.08.5
Institution type
Asset management1325743.18% of 1322425.423.3 to 27.57.8
Wealth management and private banking1405640.00% of 1402322.919.8 to 26.111.6
Investment banking (advisory and capital-markets origination)1053735.24% of 1051926.623.6 to 29.79.0
Insurance (life, property and casualty, health)783443.59% of 781422.219.8 to 24.66.8
Commercial and business banking823239.02% of 821325.722.9 to 28.57.7
Payments and merchant acquiring (networks, acquiring, processing)712940.85% of 711326.2†6.7
Credit card and payments issuing732635.62% of 731223.6†10.6
Retail and consumer banking732230.14% of 731223.9†9.3
Markets and trading (sales and trading, global markets)571729.82% of 571125.5†7.8
Private equity and private capital391846.15% of 39924.5†8.0
Process family
Corporate and back-office functions2488835.48% of 2484724.522.7 to 26.48.8
Technology engineering and operations2048441.18% of 2043525.724.0 to 27.47.8
Client servicing and communications943941.49% of 941620.517.5 to 23.49.0
Trade, settlement and reconciliation803037.50% of 801523.819.9 to 27.810.5
Payments, cards and disputes732534.25% of 731224.1†11.1
Credit, underwriting and suitability572543.86% of 57922.3†6.2
Regulatory, audit, tax and legal512039.22% of 51931.6†9.6
Financial crime and client onboarding431739.53% of 43726.6†3.0
Class of work
LOB Operational45117238.14% of 4517623.822.5 to 25.18.8
Corporate Functional39915639.10% of 3997425.524.1 to 26.98.9
Engagement status and lifecycle stage
Active, Build-Out1757241.14% of 1753124.422.4 to 26.48.6
Active, Transition/Cut-Over2509839.20% of 2504325.223.4 to 27.09.2
Active, Production1034038.83% of 1032024.020.4 to 27.611.1
Canceled32211836.65% of 3225624.423.0 to 25.98.0
Respondent role
Individual Contributor66714521.74% of 66710024.222.8 to 25.68.5
Engagement Manager150150100.00% of 15015024.422.9 to 25.89.0
Portfolio Director3131100.00% of 313127.624.1 to 31.29.6
Customer Management Executive222 of 22‡
Vendor type
IT services major31612439.24% of 3165922.721.1 to 24.38.9
BPO specialist1987437.37% of 1983726.624.5 to 28.79.1
Consulting firm1175042.74% of 1172325.223.1 to 27.37.4
Boutique or specialist provider873843.68% of 871725.322.8 to 27.77.4
Pure-play agentic AI firm753040.00% of 751424.921.1 to 28.610.1
Not reported, recovered by engagement571221.05% of 571126.3†11.8
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.
Table 5b. Descriptive statistics by segment, part 2 of 2Table
SegmentMinQ1MedianQ3MaxDistressed nDistressed %
Study set5.019.025.030.040.0Not applicableNot applicable
Outsourcing model
CXM5.015.023.034.040.0Not applicableNot applicable
ITO8.021.026.033.040.0Not applicableNot applicable
BPO6.020.525.031.040.0Not applicableNot applicable
KPO8.017.024.030.039.0Not applicableNot applicable
Institution type
Asset management6.018.028.031.039.0Not applicableNot applicable
Wealth management and private banking7.012.022.534.340.0Not applicableNot applicable
Investment banking (advisory and capital-markets origination)10.022.026.036.040.0Not applicableNot applicable
Insurance (life, property and casualty, health)14.017.020.027.036.0Not applicableNot applicable
Commercial and business banking10.021.025.030.040.0Not applicableNot applicable
Payments and merchant acquiring (networks, acquiring, processing)10.022.027.028.040.0Not applicableNot applicable
Credit card and payments issuing5.016.023.029.540.0Not applicableNot applicable
Retail and consumer banking8.019.023.531.838.0Not applicableNot applicable
Markets and trading (sales and trading, global markets)10.021.025.026.038.0Not applicableNot applicable
Private equity and private capital7.022.024.032.533.0Not applicableNot applicable
Process family
Corporate and back-office functions7.019.025.030.040.0Not applicableNot applicable
Technology engineering and operations8.021.826.033.038.0Not applicableNot applicable
Client servicing and communications8.015.019.025.040.0Not applicableNot applicable
Trade, settlement and reconciliation6.018.324.030.040.0Not applicableNot applicable
Payments, cards and disputes5.021.022.038.040.0Not applicableNot applicable
Credit, underwriting and suitability12.016.025.028.030.0Not applicableNot applicable
Regulatory, audit, tax and legal11.025.034.039.039.0Not applicableNot applicable
Financial crime and client onboarding22.023.027.028.031.0Not applicableNot applicable
Class of work
LOB Operational5.018.024.030.040.0Not applicableNot applicable
Corporate Functional8.019.026.033.040.0Not applicableNot applicable
Engagement status and lifecycle stage
Active, Build-Out5.017.023.030.040.0Not applicableNot applicable
Active, Transition/Cut-Over7.020.026.030.040.0Not applicableNot applicable
Active, Production6.012.025.533.040.0Not applicableNot applicable
Canceled8.019.024.030.040.0Not applicableNot applicable
Respondent role
Individual Contributor6.018.024.030.040.0Not applicableNot applicable
Engagement Manager5.019.025.030.040.0Not applicableNot applicable
Portfolio Director7.022.528.036.040.0Not applicableNot applicable
Customer Management Executive‡ n = 2
Vendor type
IT services major5.015.822.029.340.0Not applicableNot applicable
BPO specialist7.022.328.034.040.0Not applicableNot applicable
Consulting firm12.019.026.028.039.0Not applicableNot applicable
Boutique or specialist provider10.019.023.029.038.0Not applicableNot applicable
Pure-play agentic AI firm7.020.026.033.040.0Not applicableNot applicable
Not reported, recovered by engagement8.018.826.538.040.0Not applicableNot applicable
Note: ‡ Base under 10. No statistic is reported.

Figures are respondent level. Means are on the scale as recorded. A level under 30 prints no interval and a level under 10 prints counts only.

Tests of Difference Between Segments

Table 6a. Tests of difference between segments, part 1 of 2Table
Segment familyWelch FdfpHolm pOmega squared90% CI
Outsourcing model0.683, 79.10.5661.000−0.0060.000 to 0.042
Institution type0.428, 49.60.9051.000−0.0300.000 to 0.021
Process family0.654, 37.40.6301.000−0.0110.000 to 0.047
Class of work0.431, 147.90.5131.000−0.0040.000 to 0.034
Engagement status and lifecycle stage0.203, 59.00.8961.000−0.0140.000 to 0.019
Respondent role1.752, 82.90.1801.0000.0060.000 to 0.036
Vendor type1.945, 72.10.0980.6830.0160.000 to 0.055
Table 6b. Tests of difference between segments, part 2 of 2Table
Segment familyKruskal-Wallis HpDistressed chi-squaredfpCramer’s VLevels left out
Outsourcing model2.130.545Not applicableNot applicableNone
Institution type3.830.872Not applicableNot applicablea
Process family3.410.491Not applicableNot applicableb
Class of work0.460.496Not applicableNot applicableNone
Engagement status and lifecycle stage0.620.892Not applicableNot applicableNone
Respondent role4.500.106Not applicableNot applicablec
Vendor type12.560.028Not applicableNot applicableNone
Note: a Private equity and private capital, n = 9. b Credit, underwriting and suitability, n = 9, Regulatory, audit, tax and legal, n = 9, Financial crime and client onboarding, n = 7. c Customer Management Executive, n = 2.

Engagement families were tested on engagement means, and respondent role and vendor type were tested on respondents. A distressed p marked exact is a Fisher exact test for a two by two table, and one marked simulated is a Monte Carlo test run until its p is stable to the third decimal, both used where an expected count is under 5. No difference held after Holm control for outsourcing model, institution type, process family, class of work, engagement status and lifecycle stage, respondent role and vendor type.

Association with Cancellation Rate

The share of engagements canceled on the study date, measured at engagement level (base 150 engagements, 56 canceled). The association is a descriptive contrast, inflated because canceled engagements were rated after cancellation, and is not predictive.

Table 7a. Association with cancellation rate by segment, part 1 of 2Table
SegmentEngagementsCanceledCancellation ratePoint-biserial r95% CIpHolm p
Study set1505637.33% of 1500.02−0.14 to 0.180.8331.000
Outsourcing model
CXM421535.71% of 420.04−0.26 to 0.340.7811.000
ITO401537.50% of 400.03−0.28 to 0.340.8401.000
BPO371437.84% of 370.06−0.27 to 0.380.7181.000
KPO311238.71% of 31−0.11−0.44 to 0.260.5701.000
Institution type
Asset management241354.17% of 240.23†0.2711.000
Wealth management and private banking23834.78% of 230.08†0.7141.000
Investment banking (advisory and capital-markets origination)19947.37% of 190.06†0.8071.000
Insurance (life, property and casualty, health)14535.71% of 140.11†0.7131.000
Commercial and business banking13430.77% of 13−0.55†0.0511.000
Payments and merchant acquiring (networks, acquiring, processing)13323.08% of 13−0.11†0.7171.000
Credit card and payments issuing12541.67% of 120.03†0.9341.000
Retail and consumer banking12433.33% of 120.22†0.4961.000
Markets and trading (sales and trading, global markets)11327.27% of 11−0.33†0.3291.000
Private equity and private capital922 of 9‡
Process family
Corporate and back-office functions471940.43% of 47−0.07−0.35 to 0.230.6611.000
Technology engineering and operations351028.57% of 350.18−0.17 to 0.480.3101.000
Client servicing and communications16956.25% of 16−0.08†0.7651.000
Trade, settlement and reconciliation15853.33% of 150.52†0.0481.000
Payments, cards and disputes12216.67% of 12−0.35†0.2681.000
Credit, underwriting and suitability911 of 9‡
Regulatory, audit, tax and legal944 of 9‡
Financial crime and client onboarding733 of 7‡
Class of work
LOB Operational763039.47% of 760.07−0.16 to 0.290.5601.000
Corporate Functional742635.14% of 74−0.03−0.26 to 0.200.7931.000
Engagement status and lifecycle stage
Active, Build-Out3100.00% of 31Not computable, no variation in cancellation
Active, Transition/Cut-Over4300.00% of 43Not computable, no variation in cancellation
Active, Production2000.00% of 20Not computable, no variation in cancellation
Canceled5656100.00% of 56Not computable, no variation in cancellation
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.
Table 7b. Association with cancellation rate by segment, part 2 of 2Table
SegmentOdds ratio per point95% CIAUCRate, distressed engagementsRate, other engagementsFisher pTOST p
Study set1.000.97 to 1.040.51Not applicableNot applicableNot applicable< 0.001
Outsourcing model
CXM1.010.95 to 1.070.53Not applicableNot applicableNot applicable0.049
ITO1.010.93 to 1.100.52Not applicableNot applicableNot applicable0.046
BPO1.010.94 to 1.090.51Not applicableNot applicableNot applicable0.074
KPO0.970.89 to 1.060.56Not applicableNot applicableNot applicable0.141
Institution type
Asset management1.06† n = 240.64Not applicableNot applicableNot applicable0.372
Wealth management and private banking1.02† n = 230.55Not applicableNot applicableNot applicable0.153
Investment banking (advisory and capital-markets origination)1.01† n = 190.55Not applicableNot applicableNot applicable0.159
Insurance (life, property and casualty, health)1.03† n = 140.53Not applicableNot applicableNot applicable0.252
Commercial and business banking0.69† n = 130.86Not applicableNot applicableNot applicable0.837
Payments and merchant acquiring (networks, acquiring, processing)0.97† n = 130.57Not applicableNot applicableNot applicable0.266
Credit card and payments issuing1.00† n = 120.50Not applicableNot applicableNot applicable0.198
Retail and consumer banking1.06† n = 120.58Not applicableNot applicableNot applicable0.396
Markets and trading (sales and trading, global markets)0.89† n = 110.58Not applicableNot applicableNot applicable0.532
Private equity and private capital‡ n = 9
Process family
Corporate and back-office functions0.980.92 to 1.050.55Not applicableNot applicableNot applicable0.053
Technology engineering and operations1.050.95 to 1.170.60Not applicableNot applicableNot applicable0.229
Client servicing and communications0.98† n = 160.56Not applicableNot applicableNot applicable0.205
Trade, settlement and reconciliation1.13† n = 150.79Not applicableNot applicableNot applicable0.821
Payments, cards and disputes0.91† n = 120.83Not applicableNot applicableNot applicable0.563
Credit, underwriting and suitability‡ n = 9
Regulatory, audit, tax and legal‡ n = 9
Financial crime and client onboarding‡ n = 7
Class of work
LOB Operational1.020.96 to 1.070.54Not applicableNot applicableNot applicable0.020
Corporate Functional0.990.94 to 1.050.53Not applicableNot applicableNot applicable0.009
Engagement status and lifecycle stage
Active, Build-OutNot computable, no variation in cancellation
Active, Transition/Cut-OverNot computable, no variation in cancellation
Active, ProductionNot computable, no variation in cancellation
CanceledNot computable, no variation in cancellation
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.

The study set r was 0.02 (95% CI −0.14 to 0.18, Holm p 1.000, n = 150 engagements). The association did not hold after Holm control. Equivalence Tests of Null Results found it equivalent to zero inside the bound. Of the 20 tested segment levels, 0 held after Holm control.

Association with Customer Satisfaction

The satisfaction score recorded against each engagement on a 100-point scale. The primary estimate uses the 94 active engagements. A descriptive contrast uses all 150 engagements.

Table 8a. Association with customer satisfaction by segment, part 1 of 2Table
SegmentActive engagementsClean r95% CIpHolm pSpearman rhop
Study set940.09−0.11 to 0.290.3901.0000.080.429
Outsourcing model
CXM270.19†0.3361.0000.180.366
ITO25−0.06†0.7621.000−0.040.836
BPO230.24†0.2691.0000.260.240
KPO19−0.15†0.5451.000−0.230.342
Institution type
Asset management110.46†0.1511.0000.420.200
Wealth management and private banking150.12†0.6671.0000.070.803
Investment banking (advisory and capital-markets origination)100.40†0.2521.0000.440.199
Insurance (life, property and casualty, health)9‡
Commercial and business banking9‡
Payments and merchant acquiring (networks, acquiring, processing)100.31†0.3851.000−0.050.900
Credit card and payments issuing7‡
Retail and consumer banking8‡
Markets and trading (sales and trading, global markets)8‡
Private equity and private capital7‡
Process family
Corporate and back-office functions280.11†0.5731.0000.110.590
Technology engineering and operations250.25†0.2241.0000.250.221
Client servicing and communications7‡
Trade, settlement and reconciliation7‡
Payments, cards and disputes100.40†0.2541.0000.340.339
Credit, underwriting and suitability8‡
Regulatory, audit, tax and legal5‡
Financial crime and client onboarding4‡
Class of work
LOB Operational460.08−0.22 to 0.360.5981.0000.070.638
Corporate Functional480.10−0.19 to 0.370.5001.0000.080.602
Engagement status and lifecycle stage
Active, Build-Out310.34−0.02 to 0.620.0621.0000.280.126
Active, Transition/Cut-Over43−0.04−0.34 to 0.260.8031.000−0.110.495
Active, Production200.12†0.6221.0000.050.828
Canceled0a
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported. a No clean estimate, canceled engagements fall outside the active population.
Table 8b. Association with customer satisfaction by segment, part 2 of 2Table
SegmentSlope, points per rating point95% CIR squaredTOST pAll engagementsDescriptive rp
Study set0.11−0.14 to 0.360.010.0181500.030.750
Outsourcing model
CXM0.22† n = 270.040.287420.040.810
ITO−0.08† n = 250.000.12540−0.030.835
BPO0.25† n = 230.060.387370.010.957
KPO−0.22† n = 190.020.261310.080.686
Institution type
Asset management0.52† n = 110.210.70724−0.120.591
Wealth management and private banking0.10† n = 150.010.25823−0.030.906
Investment banking (advisory and capital-markets origination)0.45† n = 100.160.619190.070.775
Insurance (life, property and casualty, health)‡ n = 9
Commercial and business banking‡ n = 9
Payments and merchant acquiring (networks, acquiring, processing)0.49† n = 100.100.510130.230.453
Credit card and payments issuing‡ n = 7
Retail and consumer banking‡ n = 8
Markets and trading (sales and trading, global markets)‡ n = 8
Private equity and private capital‡ n = 7
Process family
Corporate and back-office functions0.14† n = 280.010.161470.100.498
Technology engineering and operations0.32† n = 250.060.40435−0.070.686
Client servicing and communications‡ n = 7
Trade, settlement and reconciliation‡ n = 7
Payments, cards and disputes0.37† n = 100.160.617120.470.125
Credit, underwriting and suitability‡ n = 8
Regulatory, audit, tax and legal‡ n = 5
Financial crime and client onboarding‡ n = 4
Class of work
LOB Operational0.11−0.31 to 0.530.010.06676−0.010.911
Corporate Functional0.10−0.20 to 0.410.010.080740.060.593
Engagement status and lifecycle stage
Active, Build-Out0.35−0.02 to 0.710.110.590310.340.062
Active, Transition/Cut-Over−0.06−0.50 to 0.390.000.04443−0.040.803
Active, Production0.12†0.010.215200.120.622
Canceledno clean estimate, canceled engagements fall outside the active population
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.

The study set r was 0.09 (95% CI −0.11 to 0.29, Holm p 1.000, n = 94 engagements). The association did not hold after Holm control. Equivalence Tests of Null Results found it equivalent to zero inside the bound. Of the 16 tested segment levels, 0 held after Holm control.

Association with the Engagement Indicator Mean

The mean of an engagement’s 100 indicator ratings, measured at engagement level (base 150 engagements). Where this indicator is one of the 100, the mean is recomputed without it.

Table 9a. Association with the engagement indicator mean by segment, part 1 of 2Table
SegmentEngagementsLeave-one-out r95% CIpHolm pSpearman rhop
Study set1500.03−0.13 to 0.190.7431.0000.030.703
Outsourcing model
CXM420.04−0.27 to 0.340.8111.0000.010.928
ITO400.00−0.31 to 0.310.9811.000−0.020.888
BPO370.02−0.31 to 0.340.9271.0000.050.756
KPO310.10−0.26 to 0.440.5891.0000.140.448
Institution type
Asset management24−0.05†0.7991.000−0.210.314
Wealth management and private banking23−0.05†0.8361.0000.030.891
Investment banking (advisory and capital-markets origination)190.14†0.5631.0000.070.783
Insurance (life, property and casualty, health)14−0.11†0.7171.000−0.080.794
Commercial and business banking130.30†0.3251.0000.310.300
Payments and merchant acquiring (networks, acquiring, processing)130.29†0.3341.000−0.010.986
Credit card and payments issuing120.19†0.5471.0000.060.846
Retail and consumer banking12−0.26†0.4191.000−0.120.704
Markets and trading (sales and trading, global markets)110.31†0.3491.0000.160.648
Private equity and private capital9‡
Process family
Corporate and back-office functions470.01−0.28 to 0.290.9701.0000.040.795
Technology engineering and operations350.07−0.27 to 0.400.6701.0000.060.748
Client servicing and communications160.25†0.3551.0000.410.118
Trade, settlement and reconciliation15−0.34†0.2141.000−0.360.185
Payments, cards and disputes120.36†0.2531.0000.350.261
Credit, underwriting and suitability9‡
Regulatory, audit, tax and legal9‡
Financial crime and client onboarding7‡
Class of work
LOB Operational76−0.01−0.23 to 0.220.9521.000−0.010.937
Corporate Functional740.06−0.17 to 0.290.6061.0000.060.584
Engagement status and lifecycle stage
Active, Build-Out310.27−0.09 to 0.570.1411.0000.250.177
Active, Transition/Cut-Over43−0.03−0.33 to 0.280.8621.000−0.090.574
Active, Production200.04†0.8571.000−0.080.743
Canceled56−0.01−0.28 to 0.250.9221.0000.000.990
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.
Table 9b. Association with the engagement indicator mean by segment, part 2 of 2Table
Segmentr with indicator includedChange in rSlope95% CIR squaredTOST pEquivalent
Study setNot a component0.00−0.02 to 0.030.00< 0.001Yes
Outsourcing model
CXMNot a component0.01−0.05 to 0.060.000.045Yes
ITONot a component0.00−0.05 to 0.050.000.031Yes
BPONot a component0.00−0.05 to 0.050.000.043Yes
KPONot a component0.02−0.05 to 0.090.010.135No
Institution type
Asset managementNot a component−0.01† n = 240.000.122No
Wealth management and private bankingNot a component−0.01† n = 230.000.119No
Investment banking (advisory and capital-markets origination)Not a component0.02† n = 190.020.252No
Insurance (life, property and casualty, health)Not a component−0.02† n = 140.010.251No
Commercial and business bankingNot a component0.05† n = 130.090.495No
Payments and merchant acquiring (networks, acquiring, processing)Not a component0.06† n = 130.080.488No
Credit card and payments issuingNot a component0.02† n = 120.040.367No
Retail and consumer bankingNot a component−0.04† n = 120.070.445No
Markets and trading (sales and trading, global markets)Not a component0.06† n = 110.100.516No
Private equity and private capital‡ n = 9
Process family
Corporate and back-office functionsNot a component0.00−0.05 to 0.050.000.022Yes
Technology engineering and operationsNot a component0.01−0.05 to 0.070.010.092No
Client servicing and communicationsNot a component0.04† n = 160.060.420No
Trade, settlement and reconciliationNot a component−0.04† n = 150.120.563No
Payments, cards and disputesNot a component0.04† n = 120.130.578No
Credit, underwriting and suitability‡ n = 9
Regulatory, audit, tax and legal‡ n = 9
Financial crime and client onboarding‡ n = 7
Class of work
LOB OperationalNot a component0.00−0.04 to 0.040.000.005Yes
Corporate FunctionalNot a component0.01−0.03 to 0.050.000.018Yes
Engagement status and lifecycle stage
Active, Build-OutNot a component0.03−0.01 to 0.070.070.433No
Active, Transition/Cut-OverNot a component0.00−0.05 to 0.040.000.037Yes
Active, ProductionNot a component0.01† n = 200.000.136No
CanceledNot a component0.00−0.02 to 0.020.000.016Yes
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.

The study set r was 0.03 (95% CI −0.13 to 0.19, Holm p 1.000, n = 150 engagements). The association did not hold after Holm control. Equivalence Tests of Null Results found it equivalent to zero inside the bound. Of the 24 tested segment levels, 0 held after Holm control.

Association with Intent to Leave

The respondent’s stated likelihood of leaving the current job within 12 months, rated 1 to 10 (C019). Measured at respondent level on up to 798 respondents, with the engagement-level form reported alongside.

Table 10a. Association with intent to leave by segment, part 1 of 2Table
SegmentRespondentsr95% CICluster bootstrap 95% CIpHolm p
Study set312−0.05−0.16 to 0.06−0.20 to 0.100.3601.000
Outsourcing model
CXM83−0.03−0.25 to 0.18−0.31 to 0.250.7611.000
ITO90−0.03−0.24 to 0.18−0.30 to 0.250.7821.000
BPO70−0.09−0.32 to 0.14−0.41 to 0.210.4341.000
KPO69−0.07−0.30 to 0.17−0.36 to 0.260.5841.000
Institution type
Asset management53−0.12−0.37 to 0.16−0.43 to 0.240.4101.000
Wealth management and private banking540.09−0.19 to 0.35−0.33 to 0.480.5391.000
Investment banking (advisory and capital-markets origination)34−0.10−0.42 to 0.25−0.53 to 0.320.5821.000
Insurance (life, property and casualty, health)310.17−0.20 to 0.49−0.46 to 0.600.3701.000
Commercial and business banking31−0.34−0.62 to 0.02−0.69 to 0.180.0611.000
Payments and merchant acquiring (networks, acquiring, processing)29−0.27††0.1621.000
Credit card and payments issuing250.09††0.6761.000
Retail and consumer banking20−0.11††0.6371.000
Markets and trading (sales and trading, global markets)17−0.45††0.0731.000
Private equity and private capital180.09††0.7301.000
Process family
Corporate and back-office functions83−0.11−0.32 to 0.11−0.35 to 0.140.3291.000
Technology engineering and operations810.01−0.21 to 0.23−0.31 to 0.300.9461.000
Client servicing and communications36−0.07−0.39 to 0.26−0.55 to 0.350.6861.000
Trade, settlement and reconciliation280.34††0.0791.000
Payments, cards and disputes24−0.41††0.0471.000
Credit, underwriting and suitability250.25††0.2241.000
Regulatory, audit, tax and legal19−0.04††0.8611.000
Financial crime and client onboarding16−0.61††0.0120.469
Class of work
LOB Operational164−0.04−0.19 to 0.11−0.27 to 0.200.6171.000
Corporate Functional148−0.06−0.22 to 0.10−0.24 to 0.120.4391.000
Engagement status and lifecycle stage
Active, Build-Out68−0.13−0.35 to 0.11−0.39 to 0.140.3011.000
Active, Transition/Cut-Over960.01−0.19 to 0.21−0.28 to 0.250.9381.000
Active, Production38−0.23−0.51 to 0.10−0.59 to 0.190.1641.000
Canceled1100.11−0.08 to 0.29−0.08 to 0.290.2421.000
Respondent role
Individual Contributor130−0.08−0.25 to 0.09−0.26 to 0.100.3581.000
Engagement Manager150−0.06−0.22 to 0.10−0.22 to 0.100.4561.000
Portfolio Director310.14−0.23 to 0.47−0.20 to 0.460.4541.000
Customer Management Executive1‡
Vendor type
IT services major117−0.10−0.27 to 0.09−0.33 to 0.150.3031.000
BPO specialist720.06−0.17 to 0.29−0.26 to 0.390.5911.000
Consulting firm470.05−0.24 to 0.34−0.34 to 0.420.7201.000
Boutique or specialist provider35−0.18−0.48 to 0.17−0.50 to 0.280.3121.000
Pure-play agentic AI firm30−0.21−0.53 to 0.16−0.72 to 0.360.2661.000
Not reported, recovered by engagement11−0.12††0.7341.000
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.
Table 10b. Association with intent to leave by segment, part 2 of 2Table
SegmentSpearman rhopShare at 7 or above, distressedShare at 7 or above, otherEngagementsEngagement level r95% CITOST p
Study set−0.040.490Not applicableNot applicable150−0.07−0.23 to 0.090.002
Outsourcing model
CXM−0.010.918Not applicableNot applicable42−0.02−0.32 to 0.290.035
ITO0.020.816Not applicableNot applicable40−0.04−0.34 to 0.280.049
BPO−0.090.438Not applicableNot applicable37−0.19−0.49 to 0.140.253
KPO−0.060.642Not applicableNot applicable31−0.06−0.41 to 0.300.093
Institution type
Asset management−0.050.710Not applicableNot applicable24−0.07†0.133
Wealth management and private banking0.110.443Not applicableNot applicable230.04†0.110
Investment banking (advisory and capital-markets origination)−0.060.744Not applicableNot applicable19−0.09†0.194
Insurance (life, property and casualty, health)0.120.503Not applicableNot applicable140.07†0.211
Commercial and business banking−0.300.098Not applicableNot applicable13−0.36†0.588
Payments and merchant acquiring (networks, acquiring, processing)−0.190.320Not applicableNot applicable13−0.19†0.359
Credit card and payments issuing0.120.566Not applicableNot applicable120.03†0.198
Retail and consumer banking−0.250.282Not applicableNot applicable12−0.05†0.215
Markets and trading (sales and trading, global markets)−0.360.161Not applicableNot applicable11−0.55†0.807
Private equity and private capital−0.120.648Not applicableNot applicable9‡‡
Process family
Corporate and back-office functions−0.110.333Not applicableNot applicable47−0.15−0.42 to 0.140.145
Technology engineering and operations0.020.874Not applicableNot applicable35−0.06−0.39 to 0.280.082
Client servicing and communications−0.160.347Not applicableNot applicable16−0.06†0.183
Trade, settlement and reconciliation0.300.117Not applicableNot applicable150.24†0.418
Payments, cards and disputes−0.470.020Not applicableNot applicable12−0.28†0.468
Credit, underwriting and suitability0.200.333Not applicableNot applicable9‡‡
Regulatory, audit, tax and legal−0.270.260Not applicableNot applicable9‡‡
Financial crime and client onboarding−0.480.062Not applicableNot applicable7‡‡
Class of work
LOB Operational−0.030.685Not applicableNot applicable76−0.06−0.28 to 0.170.016
Corporate Functional−0.060.457Not applicableNot applicable74−0.08−0.31 to 0.150.028
Engagement status and lifecycle stage
Active, Build-Out−0.110.378Not applicableNot applicable31−0.17−0.49 to 0.200.226
Active, Transition/Cut-Over0.040.672Not applicableNot applicable43−0.19−0.46 to 0.120.227
Active, Production−0.110.508Not applicableNot applicable20−0.21†0.349
Canceled0.090.373Not applicableNot applicable560.12−0.15 to 0.370.086
Respondent role
Individual Contributor−0.070.439Not applicableNot applicable94−0.11−0.31 to 0.090.030
Engagement Manager−0.040.613Not applicableNot applicable150−0.06−0.22 to 0.100.001
Portfolio Director0.100.597Not applicableNot applicable310.14−0.23 to 0.470.186
Customer Management Executive‡ n = 1
Vendor type
IT services major−0.070.442Not applicableNot applicable59−0.12−0.37 to 0.140.080
BPO specialist0.050.652Not applicableNot applicable370.03−0.30 to 0.350.050
Consulting firm0.030.863Not applicableNot applicable230.02†0.096
Boutique or specialist provider−0.230.185Not applicableNot applicable17−0.16†0.286
Pure-play agentic AI firm−0.260.174Not applicableNot applicable14−0.21†0.379
Not reported, recovered by engagement−0.100.767Not applicableNot applicable10−0.09†0.282
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.

The study set r was −0.05 (95% CI −0.16 to 0.06, Holm p 1.000, n = 312 respondents). The association did not hold after Holm control. Equivalence Tests of Null Results found it equivalent to zero inside the bound. Of the 37 tested segment levels, 0 held after Holm control.

Comparison of Associations Across the Four Measures

Table 11. Associations across the four measuresTable
MeasureFormUnitnr95% CIpEquivalent to zeroRank among the four
Cancellation rateDescriptive contrastEngagement1500.02−0.14 to 0.180.833Yes4
Customer satisfactionClean estimateEngagement940.09−0.11 to 0.290.390Yes1
Engagement indicator meanFullEngagement1500.03−0.13 to 0.190.743Yes3
Intent to leaveRespondent level, clusteredRespondent312−0.05−0.21 to 0.100.501Yes2
Table 12. Pairwise comparison of associationsTable
Pair comparedDifference in rSteiger zpHolm pReading
Cancellation rate and customer satisfaction−0.04−1.510.1300.780Do not differ
Cancellation rate and engagement indicator mean−0.04−0.720.4711.000Do not differ
Cancellation rate and intent to leave−0.04−0.760.4481.000Do not differ
Customer satisfaction and engagement indicator mean0.00−0.020.9861.000Do not differ
Customer satisfaction and intent to leave0.000.120.9071.000Do not differ
Engagement indicator mean and intent to leave0.010.110.9131.000Do not differ

Pairs were compared on the engagement level form of every measure, each turned so that a higher value was the better outcome, on the 150 engagements where the indicator and all four measures existed. Of the 6 pairs, 0 differed after Holm control.

Clustering and Effective Sample Size

Table 13. Clustering and effective sample sizeTable
StatisticValueReading
Clusters (engagements)150Engagements with at least one answer.
Mean respondents per engagement2.2Answers per engagement with at least one answer.
ICC(1)1.00Share of variance between engagements.
Design effect2.191 plus (mean cluster size minus 1) times ICC.
Nominal respondent n328Respondents who answered.
Effective n150Nominal n divided by the design effect.
Cluster bootstrap appliedYesApplied to every respondent level CI where the ICC is 0.05 or above.

Clustering reduced the 328 respondent answers to about 150 independent answers. Respondent level intervals therefore used the cluster bootstrap, and respondent level tests on intent to leave used cluster-robust errors.

Equivalence Tests of Null Results

Table 14. Equivalence tests of null resultsTable
MeasurenrEquivalence boundTOST p, lowerTOST p, upperEquivalent to zeroAchieved powerMDE at power 0.80Detection floor for this n
Cancellation rate1500.02|r| < 0.30< 0.001< 0.001Yes0.960.230.23
Customer satisfaction940.09|r| < 0.30< 0.0010.018Yes0.840.290.23
Engagement indicator mean1500.03|r| < 0.30< 0.001< 0.001Yes0.960.230.23
Intent to leave312, effective 142−0.05|r| < 0.300.001< 0.001Yes0.950.230.23

Tested null, equivalent to zero: cancellation rate, customer satisfaction, engagement indicator mean and intent to leave. No result was inconclusive. The detection floor column is the study floor at 150 engagements. Intent to leave was tested on its effective n.

Robustness Checks

Table 15. Robustness checksTable
CheckMeasurePrimary rCheck r95% CIChangeConclusion holds
Rank correlation in place of PearsonCancellation rate0.020.01a−0.01Yes
Rank correlation in place of PearsonCustomer satisfaction0.090.08a−0.01Yes
Rank correlation in place of PearsonEngagement indicator mean0.030.03a0.00Yes
Rank correlation in place of PearsonIntent to leave−0.05−0.04a0.01Yes
Non-answers excluded, then imputed at the engagement meanIntent to leave−0.05−0.02a0.03Yes
Active engagements onlyEngagement indicator mean0.030.08−0.13 to 0.270.05Yes
Active engagements onlyIntent to leave−0.05−0.08−0.22 to 0.06−0.03Yes
Most influential engagement removed (largest Cook’s distance)Cancellation rate0.020.03−0.13 to 0.190.02Yes
Most influential engagement removed (largest Cook’s distance)Customer satisfaction0.090.06−0.15 to 0.26−0.03Yes
Most influential engagement removed (largest Cook’s distance)Engagement indicator mean0.030.06−0.11 to 0.210.03Yes
Most influential engagement removed (largest Cook’s distance)Intent to leave−0.05−0.04−0.15 to 0.070.01Yes
Engagements weighted by respondent countCancellation rate0.020.00a−0.01Yes
Engagements weighted by respondent countCustomer satisfaction0.090.07a−0.02Yes
Engagements weighted by respondent countEngagement indicator mean0.030.03a0.00Yes
Bootstrap of engagementsCancellation rate0.020.02−0.14 to 0.160.00Yes
Bootstrap of engagementsCustomer satisfaction0.090.09−0.11 to 0.290.00Yes
Bootstrap of engagementsEngagement indicator mean0.030.03−0.13 to 0.190.00Yes
Bootstrap of engagementsIntent to leave−0.05−0.05−0.21 to 0.100.00Yes
Thin-base segments removedCancellation rate0.020.02−0.20 to 0.240.01Yes
Thin-base segments removedCustomer satisfaction0.090.17−0.11 to 0.420.08Yes
Thin-base segments removedEngagement indicator mean0.030.03−0.19 to 0.250.01Yes
Thin-base segments removedIntent to leave−0.05−0.07−0.22 to 0.09−0.01Yes
Note: a No interval for this check.

Each change was computed before rounding, so it can differ by 0.01 from the difference of the two printed values.

Every check held. A check holds when its test lands on the same side of 0.05 as the primary test and, where the primary test is below 0.05, its r keeps the primary sign. Thin-base rule: engagements in any level under 30 engagements of outsourcing model or process family removed. Institution type is not used, because every one of its levels is under 30.

Measure Independence and Part-Whole Correction

Each of the four measures was computed from data this indicator does not contain, so each result is a finding rather than an arithmetic consequence.

Comparison with the Study Norm

Table 16. Comparison with the study normTable
MeasureThis indicator, oriented rStudy median, oriented rDeviationFisher zpHolm p
Cancellation rate−0.020.60−0.62−8.57< 0.001< 0.001
Customer satisfaction0.030.72−0.69−10.67< 0.001< 0.001
Engagement indicator mean0.030.84−0.81−14.33< 0.001< 0.001
Intent to leave0.020.71−0.69−10.53< 0.001< 0.001
Spread of deviations0.19
VerdictDIVERGENT

Each deviation was computed before rounding, so it can differ by 0.01 from the difference of the two printed values.

The comparison ran on 150 engagements. The indicator departed from the study’s typical pattern on cancellation rate, customer satisfaction, engagement indicator mean and intent to leave.

Interpretation of the Data

The results held under every robustness check run on this item (22 of 22 checks). The number of agentic AI engagements the employer ran for financial institutions showed no association with the four study measures.

Limitations

The evidence is reported experience: what the delivery team said about its own engagement, gathered in one cross-section. The figures showed associations, not causes. Indicators about the financial institution were reported at second hand by vendor staff. Cancellation is a descriptive contrast, because canceled engagements were rated after they ended.

Tests across respondent role and vendor type were run at respondent level and treated respondents as independent. The section Clustering and Effective Sample Size states whether, and by how much, clustering within engagements reduced the information in respondent level figures.

Customer Management Executive answers were at anecdote strength (n = 2).

Definitions

Table 17. DefinitionsTable
TermDefinition
Response scaleAs recorded, shown in Table 1. The indicator is not a rating, so no distressed range is defined.
Answering baseRespondents who entered a value.
Non-answers“I do not know” and “I prefer to not answer” are counted separately and are excluded from the mean.
Indicator classPerceived fact: a state of the engagement as the respondent perceives it, so “I do not know” is counted and reported as an answer.
Failure categoryOne of the five failure categories of the Study Taxonomy, section 3. Only the 100 rated indicators carry one, and the indicator is not among them.
Engagement indicator meanThe mean of an engagement’s 100 indicator ratings.

Sources and Provenance

Table 18. Sources and provenanceTable
ItemValue
Study dataStudy Data.xlsx, Data sheet, column C079, sha256 219eba0457274d04
Statistics enginecompute_statistics.py, sha256 738319eef764602b
Statistics recordComputed Statistics.json, record C079, sha256 e405f65a43e37a6e
ComputedOctober 8, 2026, 01:38 UTC
TemplateIndicator Statistical Analysis Template, version 1.1 of 2026-10-06
Figures placed by script1,988 of 1,988

Continue the report

Executive summary →
Overview

Executive Summary

Four findings from 150 engagements

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Introduction

Introduction

Scope, evidence, and how the report is organized

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Part 1

Engagement Outcomes

Poor results on every measure, and what separates them

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Part 2

The Five Failure Categories

Where failure concentrates, category by category

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Part 3

Governance, Oversight, and Control

Controls that existed in name only

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Part 4

The Delivery Workforce

Early in their careers, dissatisfied, and many intending to leave

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Part 5

Manual Alteration

How the delivery team altered the work to sustain it

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Part 6

Executive Action Plan

Seven immediate actions and a first-year plan

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Appendices

Appendices

Definitions, indicator inventory, method, and disclosures

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Data

Study Data

Deep-dive analyses of the study indicators, published in stages

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