BMO appoints chief artificial intelligence and data officer [Globe and Mail, The (Toronto, Canada)]
Bank Of Montreal (BMO)
Last bank of montreal earnings: 2/25 06:00 am
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Source: Globe and Mail, The
increase said on Wednesday it has named Kristin Milchanowski as its chief artificial intelligence and data officer, as the financial services sector increasingly embraces the new technology and its applications. Milchanowski, who was previously with accounting giant EY, will focus on charting a roadmap for the bank to adopt AI, including applications in data, robotics and analytics. BMO said the new appointment, effective Oct. 15, builds on its already heavy investments in the AI space. “Additionally, she will focus on data management and data governance across the organization, deepening the bank's robust and established culture of innovation and accountability,” the Canadian lender said in a statement. Banking executives have said the spread of AI-based systems offers big opportunities for financial services firms but some businesses face higher stakes than other consumer-facing units because they manage sensitive information. Analysts expect AI use-cases for the industry t
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