Re-inventing The New York Bank Mellon Corporation - how CEO Robin Vince is banking on AI's transformational power
The only constant is change, a cliché that could be attached to digital transformation which also never ends. That said, there are points in a an organization’s history where change programs are better suited than others.
Now is just such a time for The Bank of New York Mellon (BNY), according to CEO Robin Vince:
We couldn't have picked a better time to re-imagine BNY than in this age of AI
BNY has a lineage that can be traced back to 1784 and the formation of The Bank of New York. It’s current incarnation is a result of a merger between that institution and Mellon Financial Corporation in 2007 and it currently ranks as the 10th largest bank in the US.
Technology is a big part of BNY’s strategic thinking, with a $4 billion budget allocated here out of a total $13 billion CapEx base. A hefty chunk of that...
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