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BNY Mellon Advances Artificial Intelligence Tech Across Operations

10 May, 2017

BNY Mellon Advances Artificial Intelligence Tech Across Operations

The Bank of New York Mellon Corp has developed and deployed automated computer programs, or more than 220 “bots”, across its businesses over the past 15 months seeking more efficiency and lower costs, as the adoption of artificial intelligence technology in banking increases.

The 233-year-old custodian bank says its new army of robotics, or software created to carry out an often repetitive task that would normally be performed by humans, range from automated programs that respond to data requests from external auditors, to systems that correct formatting and data mistakes in requests for dollar funds transfers.

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