News•Feb 9, 2026
Digital Employees, AI Bootcamps: America's Oldest Bank Is Spending Billions on Tech
BNY Mellon disclosed a $3.8 billion technology spend in 2025, representing about 19 % of its revenue – the highest share among large U.S. banks. The bank introduced 134 "digital employees" that automate repetitive tasks around the clock, while its human workforce fell to 48,100. Goldman Sachs predicts the AI push could lift BNY’s earnings per share by roughly 19 %. The firm also rolled out an AI Hub and the Eliza platform, delivering mandatory training and bootcamps to upskill staff.
By CNBC – Finance/Markets Top Stories