- CIBC Mellon, a joint venture between CIBC and BNY Mellon, partners with UK-based Duco for AI-powered data automation.
- The partnership aims to enhance asset servicing solutions for banks, pension funds, and institutional asset managers.
- Duco’s no-code data automation technology will be integrated to manage data effectively, reduce operational risk, and improve client experience.
- CEO Mal Cullen emphasizes the importance of AI-based automation for ensuring exception-based processes and long-term sustainability.
- Chief Client Officer Richard Anton highlights the goals of promoting automation of repetitive tasks, focusing on insight and analysis, and enhancing data management.
- The adoption of AI technology aligns with similar initiatives by stakeholders like BNY Mellon, which recently announced leveraging Nvidia’s AI-powered supercomputer for AI applications and infrastructure management.
