BNY Mellon CEO discusses how Americas oldest bank is reinventing itself with AI

BNY Mellon CEO Robin Vince joins Yahoo Finance s Julie Hyman and Brian Sozzi in Davos, Switzerland to discuss why AI is all the rage at the World Economic Forum this year, though clients remain a little cautious on adoption. At the 240yearold firm, Vince says they continually reinvent, citing their new AI Hub as the latest Hub allows clients to model scenarios like analyzing the posttrade treasury market using generative AI. Internally, AI helps BNY Mellon researchers with morning workflows which he says, creates efficiency for interest rates, despite acknowledging headwinds, Vince says the Fed has done a pretty good job navigating He hopes for a soft landing but noted BNY prepares clients for uncertainty as rates could rise or fall. However, he notes resilience matters, and preparedness is key for his all part of Yahoo Finance s exclusive coverage from the World Economic