Bank of America’s focus is ‘getting the data right,’ CEO says
The bank’s efficiency ratio improved by 3% YoY
Bank of America is being judicious in deployment of AI within its operations but already seeing the role the technology is playing in maintaining its expenses. “We are in a regulated industry,” Chief Executive Brian Moynihan said during the bank’s third-quarter earnings call today. This means the bank has to be certain of its AI […]
