07/03/2025 / By Ramon Tomey
The Bank of New York Mellon (BNY) has quietly ushered in a new era of workplace automation, deploying “digital employees” powered by artificial intelligence (AI).
These digital employees are equipped with their own credentials such as company logins, just like their human counterparts. They also operate autonomously – validating transactions, identifying software vulnerabilities and communicating with human managers, all without direct oversight.
BNY Chief Information Officer (CIO) Leigh-Ann Russell said BNY Mellon’s initial two AI personas were developed in just three months, and were assigned to specific teams to restrict data access. One was designed to handle coding duties, and the other was assigned to do payment validation.
Soon, they will gain email and Microsoft Teams accounts – blurring the line between human and machine collaboration. “This is the next level,” Russell told the Wall Street Journal. “In six months, it will become very, very prevalent.”
Goldman Sachs has similarly rolled out an AI assistant to 10,000 bankers and traders, with plans to expand firmwide by year’s end. Dubbed “GS AI Assistant,” the tool proofreads documents, translates code and may soon execute multi-step tasks like a seasoned employee.
Goldman Sachs CIO Marco Argenti envisions AI evolving to “reason” like a company veteran, generating solutions without explicit instructions. “People are going to be the ones that evolve the AI,” he told CNBC, downplaying fears of mass layoffs. Yet, Bloomberg estimates up to 200,000 finance jobs could vanish by 2028 as AI handles middle-office functions. (Related: Bill Gates predicts AI will replace humans in most roles within a decade.)
Meanwhile, JPMorgan is navigating how much autonomy to grant AI. While the company’s Chief Analytics Officer Derek Waldron said defining access levels remains a case-by-case challenge, he predicts every employee will eventually have an AI counterpart.
Already, 230,000 JPMorgan staff use an internal chatbot – hinting at a future where AI concierges manage client interactions. The use of AI by the world’s top three investment banks signals a seismic shift in how financial institutions operate.
Historically, automation began replacing manual labor a long time ago: textile workers in the 19th century, factory assemblers in the 20th. Today’s AI upheaval targets cognitive roles, mirroring the Industrial Revolution’s disruption but accelerating faster. According to Scott Mullins of Amazon Web Services, the finance industry is grappling with a fundamental question: “How do we coordinate [human and digital workers] together?”
As banks test these uncharted waters, the implications stretch beyond efficiency. If AI can validate payments or draft legal documents with near-human judgment, the very nature of employment and who or what qualifies as a “colleague” may need redefinition.
For now, BNY Mellon insists it will keep hiring humans. But with digital employees logging in alongside them, Wall Street’s future workforce may look utterly unlike its past. For better or worse, the bots are now on payroll.
Watch this clip of humanoid robots taking over manufacturing processes at a factory in China’s Shenzhen province.
This video is from the Cynthia’s Pursuit of Truth channel on Brighteon.com.
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AI colleagues, AI revolution, artificial intelligence, Bank of New York Mellon, banking, computing, cyber war, cyborg, digital employees, finance, future science, future tech, Glitch, Goldman Sachs, human employees, information technology, inventions, JPMorgan Chase, robotics, robots, workforce
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