BNY allocates $4B to tech and deploys its Eliza AI platform

Bank of New York Mellon spends $4 billion of its $13 billion capex on technology, much of it on AI. CEO Robin Vince outlined the Eliza enterprise platform, more than 400 AI solutions in production and three strategic vectors: internal capacity, product improvements and new client services.

• BNY spends $4B on technology out of $13B capex
• Over 400 AI solutions are already in production at BNY
• The Eliza platform maps processes, systems and workflows
• CEO frames AI as a capacity generator, not cost cutting