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Summary:
The autumn of 2024 marks a significant time for financial institutions as many large US financial institutions are actively testing 10 to 20 Generative AI Proofs of Concept. These initiatives are laying the groundwork for deploying 5 to 10 of these proofs into production in 2025, positioning AI at the core of operational strategies and innovation.

Speaker:
Jacob S. Kosoff, Data Science and Model Development Executive at Bank of America. Jacob leads the Data Science for Technology, Risk, and Operations (DSTRO) department, advancing Data Science and Artificial Intelligence (AI) capabilities at Bank of America, with a special focus on Generative AI.

Before joining Bank of America, Jacob was the Head of Model Risk at Regions Bank for eight years, where he managed model governance, validation, and AI risk teams. He has over 20 years of experience in financial services, having worked at PNC, Freddie Mac, and Genesis Analytics. Jacob is a thought leader and frequent contributor to the American Banker and was named a Top 40 under 40 leader in the industry.

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