Bank of America CEO: AI will reduce bank manpower, commercial real estate issues need to be slowly digested

Foreign media reported that Bank of America CEO Brian Moynihan believes that as machine learning and artificial intelligence (AI) are used to process payments and manage...

The impact of AI technology on the banking industry

Moynihan said the application of AI technology will reduce manpower requirements in the banking industry, especially when dealing with commercial real estate issues. As machine learning develops, banks can process payments and manage...

Commercial real estate issues need to be digested slowly

Moynihan pointed out that as AI technology becomes more popular, banks need to be more cautious when dealing with commercial real estate issues. These problems may take longer to resolve and require bankers to gradually digest them to ensure that risks are controlled within a controllable range.

Bankers should strengthen the application of AI technology

Moynihan suggested that bankers should strengthen the application of AI technology to improve business efficiency and customer service levels. He believes that with the continuous advancement of technology, banks should actively adopt new technologies to cope with the increasingly complex business environment.

Conclusion

Overall, the application of AI technology will have a profound impact on the banking industry, and bankers should actively adapt to new technologies to remain competitive. At the same time, handling commercial real estate issues also requires caution and patience to ensure that risks are controlled within a controllable range.