BNY Mellon deploys Nvidia DGX SuperPOD, identifies hundreds of AI use cases

BNY Mellon says it is the first bank to deploy Nvidia’s AI datacenter infrastructure, as it joins an increasing number of Wall Street firms that are embracing AI technologies.

BNY Mellon is joining a growing number of financial firms in adopting AI-powered technologies. During the bank’s 2024 Q1 earnings call, CEO Robin Vince said the firm has already identified hundreds of use cases internally and has several in production.

“We also see meaningful opportunity over the coming years from continued digitization and reengineering initiatives as well as from embracing new technologies,” Vince said. “To support this effort, we are making deliberate investments, enabling us

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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