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.
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SOURCE BMO Financial Group