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BNY says AI won’t slash hiring plans

The 240-year-old bank has been quick to embrace the technology, but not at the expense of new recruits, its international head tells FN

Tuesday 11 June 2024 at 23:01

‘We won’t have fewer people because of technology,’ Hani Kablawi says
‘We won’t have fewer people because of technology,’ Hani Kablawi says Photo: Angus Mordant/Getty Images

BNY won’t slow its hiring plans as it begins to roll out artificial intelligence for everyday tasks.

“We won’t have fewer people because of technology; we’ll just do things faster, better and more efficiently, ” its head of international Hani Kablawi told Financial News.