Banking’s AI Revolution: A Fireside Chat with BNY Mellon

Snorkel CEO Alex Ratner talked with Sarthak Pattanaik, an AI leader at the Bank of New York Mellon, about AI’s impact on the financial industry. AI is creating improvements in client services, business operations, and company culture, Sarthak said, and all of those improvements start with data.

“We say data is our biggest asset,” Sarthank said.

He believes that organizations should “fall in love” with their data and that focusing on data access and responsible AI practices, places BNY Mellon—and other companies that take a similar approach—advantageously in the evolving AI landscape.

See a full summary of Snorkel AI's Enterprise LLM Summit: Building GenAI with your Data here:
https://snorkel.ai/fall-in-love-with-...

See recordings of all of the day's sessions here:    • Enterprise LLM Summit: Building GenAI...  
More related videos:    • Enterprise AI: Unlocking the Power of...  

Timestamps:
00:00 Introduction
01:10 AI Meets Real World Impact
02:26 Banking Applications of AI
03:36 Importance of AI in Banking
04:50 Leveraging Data for Client Solutions
06:02 Challenges in Adapting AI
06:49 Building AI Platforms
08:50 Organizational Transformation for AI
09:46 Risk Management in AI
11:18 Talent Acquisition in AI
12:56 Subject Matter Expertise in AI Development
14:01 Data Development and Management
15:29 Long-Term Approach to Talent
17:31 Engaging Subject Matter Experts
19:00 Opportunities in Unstructured Data
20:20 Evolution of Data Development
23:01 Data Access and Privacy Challenges
24:07 Conclusion and Future Outlook

#bankingai #enterpriseapplications #dataoptimization