article thumbnail

BNY Mellon banks on AI to improve master data

CIO Business Intelligence

Data about who owes how much to whom is at the core of any bank’s business. At Bank of New York Mellon, that focus on data shows up in the org chart too. Chief Data Officer Eric Hirschhorn reports directly to the bank’s CIO and head of engineering, Bridget Engle, who also oversees CIOs for each of the bank’s business lines.

Banking 140
article thumbnail

Continuous learning gives U.S. Bank a technology talent edge

CIO Business Intelligence

Bank over the years is that effectively deploying and making use of new tools requires a skilled and diverse workforce and a technology team with a strong engineering culture to support it. Banking on technology and people The largest technology investment for U.S. What we have discovered in implementing emerging technology at U.S.

Banking 110
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Steps CIOs should take to protect customer data in Nigeria’s open banking systems

CIO Business Intelligence

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. For Emmanuel Morka, CIO at Access Bank Ghana, open banking is the future and enterprises should seize on the opportunity.

Banking 119
article thumbnail

Bud Financial helps banks and their customers make more informed decisions using AI with DataStax and Google Cloud

CIO Business Intelligence

For banks, data-driven decisions based on rich customer insight can drive personalized and engaging experiences and provide opportunities to find efficiencies and reduce costs. For Bud, the highly scalable, highly reliable DataStax Astra DB is the backbone, allowing them to process hundreds of thousands of banking transactions a second.

Financial 131
article thumbnail

Artificial Intelligence Applications and Succeeding with IAIDL

Galido

Information Technology Blog - - Artificial Intelligence Applications and Succeeding with IAIDL - Information Technology Blog. Al has various impacts on different aspects of life, such as business, marketing, banking, etc. The following are applications for artificial intelligence. Agriculture. Health Care.

article thumbnail

New Cyber Incident Reporting Rules for U.S. Banks

SecureWorld News

At the same time, banking organizations are a growing target for cyberattacks. One study by Trend Micro reported a 1,318% rise in ransomware attacks targeting banks in the first half of 2021. Many banks will have just a day and a half to report cyber incidents, under a new rule that will go into effect on May 1, 2022.

Banking 71
article thumbnail

PenFed to bank on gen AI for hyper-personalization

CIO Business Intelligence

million members, as a credit union PenFed doesn’t have the resources of a traditional bank. Today, bots handle nearly 40,000 sessions per month, providing loan application status, product and servicing information, and technical support. “We We could add chat with a bot-enabled interaction to solve the early, simpler questions.”

Banking 98