In a significant move towards harnessing the power of artificial intelligence, the Bank of Montreal (BMO) has announced the appointment of Kristin Milchanowski as its Chief AI and Data Officer, effective October 15. With a background at EY, Milchanowski is set to steer the bank’s AI initiatives, focusing on enhancing data management, governance, and analytics. […]
AI Set to Reshape the Future of Banking
The banking industry is on the brink of a significant transformation, driven by advances in artificial intelligence (AI). According to recent studies, over 72% of finance leaders are already incorporating AI into their operations, demonstrating a strong recognition of its potential to enhance efficiency and improve customer experiences. From fraud detection to optimizing customer onboarding […]