‘These players matter’: BNY embraces role on small lenders’ AI journey

Core Insights - The banking industry, particularly small lenders, recognizes the necessity of adopting artificial intelligence (AI) to remain competitive, despite concerns about safety and control [1][4] Group 1: AI and Community Banking - BNY launched a free training initiative for 1,000 community bank executives focusing on AI, cybersecurity, data analytics, corporate finance, and strategic planning [2] - There is a growing demand among community bankers for information on AI, cybersecurity, and digital assets, indicating a shift towards embracing technology [3] - BNY's community banking and solutions group aims to strengthen the financial system by assisting banks with less than $10 billion in assets, viewing this as a duty rather than a primary commercial opportunity [4] Group 2: Educational Initiatives - The training program includes sessions tailored to community bank needs, such as an upcoming session for human resources practitioners [2] - BNY provides access to its products and services while also offering educational resources to help smaller organizations navigate emerging capabilities like AI and digital assets [5][6] - The introduction of a free financial education program aims to support community bank leaders and middle managers in understanding complex topics [6]