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Fortune
Fortune
Sheryl Estrada

Financial institutions are already leveraging AI as a competitive advantage

BNY IBM
(Credit: Getty Images)

Good morning. CFOs are continuing to explore use cases for generative AI to support efficiency and productivity. But financial services, in particular, is one of the world’s most heavily regulated industries, so the stakes are high when it comes to incorporating the technology—and doing so in the right way. BNY is the latest bank to forge ahead and create a unique generative AI-powered assistant.

"How BNY’s new AI tool Eliza is minting an army of disposable assistants” is an exclusive Fortune report by my colleague Michael del Castillo. With $50 trillion worth of assets under custody or administration, BNY is one of the largest banks in the world to announce a proprietary AI. 

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