BMO Appoints Chief Artificial Intelligence and Data Officer

Rhea-AI Summary

BMO has appointed Kristin Milchanowski as its new Chief Artificial Intelligence and Data Officer, effective October 15, 2024. Kristin will lead BMO's strategies in AI, data, analytics, and robotics, focusing on optimizing business value and enhancing data management across the organization. With over 20 years of experience, primarily in the financial sector, Kristin joins BMO from EY, where she was a Global Innovation Partner / Principal specializing in AI and advanced technologies.

This appointment aligns with BMO's significant investments in AI, including recent recognitions for AI innovation and partnerships with organizations like the Vector Institute, Creative Destruction Lab, and NEXT AI. These collaborations aim to advance AI-enabled solutions, support the AI ecosystem, and foster growth in AI and data science businesses.

Positive

• Appointment of an experienced AI executive to lead AI and data strategies
• Alignment with BMO's Digital First strategy and focus on AI innovation
• Recognition as one of the top 10 banks globally in AI innovation by Evident AI
• Partnerships with leading AI organizations and tech accelerators

Negative

• None.

TORONTO and CHICAGO, Oct. 2, 2024 /PRNewswire/ - BMO today announced the appointment of Kristin Milchanowski as its new Chief Artificial Intelligence and Data Officer, effective October 15, 2024.

Kristin will drive BMO's Artificial Intelligence (AI), data, analytics, and robotics strategies and supporting technologies, championing a transformative AI roadmap that optimizes and enhances business value. Additionally, she will focus on data management and data governance across the organization, deepening the bank's robust and established culture of innovation and accountability.

"Kristin brings extensive knowledge and expertise in transforming businesses by leveraging the full potential of their data and technology," said Steve Tennyson, Chief Technology & Operations Officer, BMO. "I look forward to working with Kristin as we advance our Digital First strategy and harness the power of AI solutions that will differentiate the digital experience for our customers and colleagues."

Kristin is a global AI executive with more than 20 years of experience, most of that in the financial sector. Most recently, Kristin was a Global Innovation Partner / Principal at EY, focused on AI, High Process Computing and Quantum technologies. Kristin is an Artificial Intelligence Associate Fellow of the University of Oxford, where she completed post-doctoral studies in AI and holds a PhD in Decision Sciences.

This appointment builds upon BMO's significant investments in AI. In recent years BMO's been recognized by Evident AI as one of the top 10 banks in the world in AI innovation, received the Commercial Banking Impact Award in the Artificial Intelligence and Advanced Analytics category by Datos Insights, and named one of Fast Company's most innovative companies in the world.

Additionally, BMO sponsors, partners with and provides subject matter expertise for organizations and tech accelerators across North America, including:

• Vector Institute: A globally renowned AI Institute enabling businesses to responsibly adopt and accelerate AI. Along with supporting the AI ecosystem and anchoring to our analytics strategy focus, BMO has consistently partnered with the Vector team to advance our AI-enabled solutions through technology transfer, talent attraction, and training and upskilling.
• Creative Destruction Lab (CDL): A non-profit organization that delivers a mentorship program for massively scalable, seed-stage science and technology-based companies. BMO's partnership with CDL-Montreal helps AI and data science businesses grow into high-growth companies.
• NEXT AI: A founder development network for entrepreneurs looking to solve global challenges with AI-based ventures and technology commercialization. BMO was a founding supporter of Next AI, engaging to help identify and support early-stage ventures, which receive access to resources, mentorship education and the network they need to succeed.

About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.4 trillion as of July 31, 2024. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.

View original content:https://www.prnewswire.com/news-releases/bmo-appoints-chief-artificial-intelligence-and-data-officer-302265682.html

SOURCE BMO Financial Group

FAQ

Who is BMO's new Chief Artificial Intelligence and Data Officer?

Kristin Milchanowski has been appointed as BMO's new Chief Artificial Intelligence and Data Officer, effective October 15, 2024.

What will be Kristin Milchanowski's role at BMO?

Kristin Milchanowski will drive BMO's Artificial Intelligence, data, analytics, and robotics strategies, focusing on optimizing business value and enhancing data management across the organization.

How does this appointment align with BMO's AI initiatives?

This appointment builds upon BMO's significant investments in AI, including recent recognitions for AI innovation and partnerships with organizations like the Vector Institute, Creative Destruction Lab, and NEXT AI.

What is BMO's recent recognition in AI innovation?

BMO has been recognized by Evident AI as one of the top 10 banks in the world in AI innovation and received the Commercial Banking Impact Award in the Artificial Intelligence and Advanced Analytics category by Datos Insights.