BNY Mellon to Use AI for Faster Document Queries
The bank plans to expand a program that uses machine learning to pull out key terms for contracts.
BNY Mellon is banking on artificial intelligence, particularly machine learning, to make access to—and understanding of—its documents easier for its employees.
Roman Regelman, chief digital officer at BNY Mellon, said that the project will bring in documents, be it legal contracts or trading agreements, to make it easier for staff to query all internal records and find keywords quickly.
“The totality of documents is impossible to make sense of without some help, so we want to look at the
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