TechBloomberg Tech2h ago
BNY CFO on AI Strategy, Business Growth
TL;DRBNY's CFO is cautiously adopting AI while avoiding wasteful spending on new tools.
Why it matters: Big financial institutions' AI spending decisions signal market maturity and cost discipline trends.
Dermot McDonogh, Global CFO at BNY, discusses his outlook on the bank's growth and business strategies, as well as how he is monitoring AI so as to avoid overspending on related tools. He speaks exclusively with Paul Allen and Haidi Stroud Watts on "Bloomberg: The Asia Trade."…
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