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HomeAICIBC Mellon taps Duco for AI-powered data automation tech

CIBC Mellon taps Duco for AI-powered data automation tech

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  • 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.

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