# Northern Trust vs peers: AI and technology compared

Source: https://www.bankingnewsai.com/banks/northern-trust/vs-peers
Last updated: Oct 19, 2026

*Part of the [Northern Trust AI strategy profile](https://www.bankingnewsai.com/banks/northern-trust). Peer group: BNY (Bank of New York Mellon), State Street, JPMorgan Chase, Citigroup, The Charles Schwab Corporation, Morgan Stanley, Goldman Sachs, UBS (US).*

## How does Northern Trust compare with its peers on AI and technology?

Northern Trust scores 79.7 on this site's US AI disclosure index (#23 of 120), sixth of the nine custody banks and wealth managers it is compared with, behind Citigroup (94.9), BNY (89.8) and JPMorgan Chase (89), close to Charles Schwab (80.7) and Goldman Sachs (79.9), and ahead of UBS US (75.3), State Street (75.4) and Morgan Stanley (69.7). It leads the group on its own disclosures (32) and named AI leaders (20) but is last on independent coverage, with 12 sources against a peer median of 24.5. Three things separate it from named peers. Against its closest custody rival it is smaller in scale: Northern Trust reported more than 150 AI use cases in production in October 2025, while BNY counts about 220 AI solutions and about 140 'digital employees' on its Eliza platform (April 2026) and 99% of staff trained. It ties AI to cost: productivity savings above 4% of its 2025 expense base, management layers in the COO organisation down by more than 20%, and developers estimating GitHub saves about 31% of their time. And it is pushing AI to wealth advisers: a One Wealth assistant and next-best-action tools (2026), where Morgan Stanley's adviser assistant reached 98% of advisor teams in 2024. Unlike BNY, which spends about $4 billion a year on engineering, Northern Trust publishes no technology budget, and it set up a new process in September 2026 to choose among more AI use cases than it can fund. ([GuruFocus (Yahoo Finance)](https://finance.yahoo.com/news/northern-trust-corp-ntrs-q3-190424060.html), [BNY](https://www.bny.com/assets/corporate/documents/pdf/investor-relations/earnings/quarterly-update-presentation-1q-2026.pdf), [BNY (SEC filing)](https://www.sec.gov/Archives/edgar/data/1390777/000139077726000004/ex993_quarterlyupdatepre.htm), [Yahoo Finance](https://finance.yahoo.com/news/northern-trust-ntrs-q4-2025-153130711.html), [Investing.com](https://investing.com/news/transcripts/northern-trust-at-barclays-conference-strategic-focus-on-growth-and-efficiency-93CH-4232423), [Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/northern-trust-ntrs-q1-2026-150341437.html), [Investing.com](https://ca.investing.com/news/stock-market-news/northern-trust-at-barclays-conference-wealth-push-lifts-outlook-93CH-4838293), [Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch), [Yahoo Finance](https://finance.yahoo.com/technology/ai/articles/bny-sees-cross-selling-ai-210204657.html))

## Where does Northern Trust lead its peers on AI?

- **The most own disclosures and named AI leaders in the group.** Northern Trust's profile records 32 of its own disclosures on AI, the most of the nine banks compared (peer median 16.5), and 20 named AI and technology leaders, also the most, from CIO Tom South and Chief Data and Analytics Officer Kelley Conway to NTAM's chief innovation strategist Gijsbert de Lange, appointed in January 2026 to embed AI in investment strategies. ([Northern Trust](https://northerntrust.com/united-states/insights-research/corporate/experts/south-a-thomas), [Northern Trust](https://www.northerntrust.com/united-states/pr/2026/northern-trust-collaborates-with-industry-peers-to-strengthen-data-and-ai-interoperability), [Northern Trust (Business Wire)](https://businesswire.com/news/home/20260128771359/en/Northern-Trust-Asset-Management-Appoints-Gijsbert-de-Lange-as-Chief-Innovation-Strategist))
- **AI tied to a measured productivity programme.** Northern Trust reported productivity savings above 4% of its expense base in 2025, raised its 2026 target by 10%, widened spans of control in the COO organisation by more than 35% and cut management layers by more than 20%. State Street's CFO tied AI to a $750 million productivity target in July 2026 without breaking out what AI has saved so far. ([Yahoo Finance](https://finance.yahoo.com/news/northern-trust-ntrs-q4-2025-153130711.html), [Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/state-street-stt-q2-2026-141337102.html))
- **A founding member of shared data standards for AI.** Northern Trust became a founding member of the Open Semantic Interchange's financial-services working group in June 2026, backing open data definitions so AI agents across firms ground on the same meanings. It also holds an LLM patent (US 11,928,438 B1, 2024) on reviewing smart-contract bytecode, with a continuation published in May 2026. ([Northern Trust](https://www.northerntrust.com/united-states/pr/2026/northern-trust-collaborates-with-industry-peers-to-strengthen-data-and-ai-interoperability), [Google Patents (USPTO)](https://patents.google.com/patent/US11928438B1/en), [Google Patents (USPTO)](https://patents.google.com/patent/US20260141187A1/en))
- **AI in quantitative investing.** Northern Trust Asset Management runs $47 billion in quantitative strategies and launched two NT Adaptive Equity UCITS funds in June 2026 that use natural-language processing and alternative data for stock selection. Morgan Stanley's institutional AskResearchGPT, by contrast, is a research assistant over its own reports rather than an investment process. ([Northern Trust Asset Management (Business Wire)](https://businesswire.com/news/home/20260603817494/en/Northern-Trust-Asset-Management-Announces-Adaptive-Equity-Funds), [Northern Trust Asset Management (Business Wire via Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/northern-trust-asset-management-appoints-140000271.html), [Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-research-announces-askresearchgpt))

## Where does Northern Trust trail its peers on AI?

- **The thinnest outside coverage in the group.** Northern Trust has 12 independent sources on its AI against 42 each for JPMorgan and Citigroup and 28 for BNY, ninth of nine; independent coverage carries 45% of the index weight, which keeps it sixth despite leading on its own disclosures. ([Yahoo Finance](https://finance.yahoo.com/news/northern-trust-ntrs-q4-2025-153130711.html), [MarketBeat (Yahoo Finance)](https://finance.yahoo.com/news/northern-trust-conference-ntrs-bets-080213324.html))
- **Smaller AI scale than BNY.** BNY reports about 220 AI solutions and about 140 digital employees in production, more than half of staff building agents and 99% trained on Eliza (April 2026). Northern Trust reports more than 150 use cases in production (October 2025) on its NT Byron agent platform, with no figure for agents or staff adoption. ([BNY](https://www.bny.com/assets/corporate/documents/pdf/investor-relations/earnings/quarterly-update-presentation-1q-2026.pdf), [BNY (SEC filing)](https://www.sec.gov/Archives/edgar/data/1390777/000139077726000004/ex993_quarterlyupdatepre.htm), [GuruFocus (Yahoo Finance)](https://finance.yahoo.com/news/northern-trust-corp-ntrs-q3-190424060.html), [MarketBeat (Yahoo Finance)](https://finance.yahoo.com/news/northern-trust-conference-ntrs-bets-080213324.html))
- **No technology budget on the record.** BNY's CFO puts annual engineering spend at about $4 billion (September 2026), and CNBC reported its technology spend at $3.8 billion, about 19% of revenue. Northern Trust's CFO said in September 2026 that it has more AI use cases than time and money, and set up a new governance process to choose which to fund. ([Yahoo Finance](https://finance.yahoo.com/technology/ai/articles/bny-sees-cross-selling-ai-210204657.html), [CNBC](https://www.cnbc.com/2026/02/09/digital-employees-ai-bootcamps-americas-oldest-bank-spends-billions-on-tech.html), [Investing.com](https://ca.investing.com/news/stock-market-news/northern-trust-at-barclays-conference-wealth-push-lifts-outlook-93CH-4838293))
- **A software write-down and finance-chief change during the AI build.** Northern Trust took a $61.5 million pre-tax software-disposition charge in Q2 2026 on part of a fund-administration project, and CFO David Fox, who presents its AI use-case backlog to investors, plans to retire around March 2027. State Street named Ann Fogarty enterprise COO in September 2026 to lead technology, operations and its AI agenda. ([Northern Trust (SEC filings)](https://www.sec.gov/Archives/edgar/data/73124/000007312426000047/ntrs-20260630.htm), [Northern Trust](https://northerntrust.com/content/dam/northerntrust/pws/nt/documents/earnings/2026/q2-2026-release-a0716c.pdf), [Northern Trust (SEC filings)](https://www.sec.gov/Archives/edgar/data/73124/000007312426000057/ntrs-20260928.htm), [State Street (Business Wire via Yahoo Finance)](https://finance.yahoo.com/technology/articles/state-street-announces-leadership-alpha-103000725.html))

## Where does Northern Trust rank against its peers on AI disclosure?

Scores from the US AI disclosure index of 120 banks (0–100; 45% of the weight on independent coverage). The index measures what each bank has put on the public record and what outside outlets have reported about its AI, not capability or spending; every count is of entries on that bank's profile, each of which cites its sources.

| Bank | Score | Rank | Independent sources | Own disclosures | Use cases in production | Moves, last 12 months | Named AI platform |
| --- | --- | --- | --- | --- | --- | --- | --- |
| [Citigroup](https://www.bankingnewsai.com/banks/citigroup) | [94.9](https://www.bankingnewsai.com/banks/ai-index) | #2 of 120 | [42](https://www.bankingnewsai.com/banks/citigroup#sources) | [19](https://www.bankingnewsai.com/banks/citigroup#sources) | [15 of 20](https://www.bankingnewsai.com/banks/citigroup#where) | [34](https://www.bankingnewsai.com/banks/citigroup#timeline) | Citi Stylus Workspaces ([The Wall Street Journal](https://www.wsj.com/cio-journal/the-ai-superfans-companies-count-on-to-convert-the-skeptics-5b301a90), [Citigroup](https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12026/2026psqtr1rslt.pdf)) |
| [BNY (Bank of New York Mellon)](https://www.bankingnewsai.com/banks/bny-mellon) | [89.8](https://www.bankingnewsai.com/banks/ai-index) | #5 of 120 | [29](https://www.bankingnewsai.com/banks/bny-mellon#sources) | [19](https://www.bankingnewsai.com/banks/bny-mellon#sources) | [12 of 14](https://www.bankingnewsai.com/banks/bny-mellon#where) | [31](https://www.bankingnewsai.com/banks/bny-mellon#timeline) | Eliza ([American Banker](https://americanbanker.com/news/while-embedding-ai-everywhere-bny-wont-disclose-costs), [BNY](https://www.bny.com/assets/corporate/documents/pdf/investor-relations/earnings/quarterly-update-presentation-1q-2026.pdf), [BNY](https://www.bny.com/corporate/global/en/insights/unlocking-potential-enterprise-ai-platform-bny.html), [The Wall Street Journal](https://www.wsj.com/articles/bny-americas-oldest-bank-signs-multiyear-deal-with-openai-74987d1d), [Banking Dive](https://www.bankingdive.com/news/bny-google-cloud-agentic-AI-robin-vince/807390/), [American Banker](https://www.americanbanker.com/news/bny-tops-estimates-reports-revenue-upswing)) |
| [JPMorgan Chase](https://www.bankingnewsai.com/banks/jpmorgan-chase) | [89](https://www.bankingnewsai.com/banks/ai-index) | #6 of 120 | [43](https://www.bankingnewsai.com/banks/jpmorgan-chase#sources) | [20](https://www.bankingnewsai.com/banks/jpmorgan-chase#sources) | [8 of 15](https://www.bankingnewsai.com/banks/jpmorgan-chase#where) | [32](https://www.bankingnewsai.com/banks/jpmorgan-chase#timeline) | LLM Suite ([American Banker](https://www.americanbanker.com/news/how-jpmorganchase-democratized-employee-access-to-gen-ai), [American Banker](https://www.americanbanker.com/video/wib-2025/driving-ai-use-cases-and-adoption-aligning-business-value-data-readiness-and-risk-management)) |
| [The Charles Schwab Corporation](https://www.bankingnewsai.com/banks/charles-schwab) | [80.7](https://www.bankingnewsai.com/banks/ai-index) | #19 of 120 | [18](https://www.bankingnewsai.com/banks/charles-schwab#sources) | [14](https://www.bankingnewsai.com/banks/charles-schwab#sources) | [15 of 19](https://www.bankingnewsai.com/banks/charles-schwab#where) | [24](https://www.bankingnewsai.com/banks/charles-schwab#timeline) | Charley, Portfolio Insights, Schwab Knowledge Assistant and Schwab Advisor AI in Action ([Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Meet-Charley-Schwabs-New-AI-Powered-Assistant-Designed-to-Help-Clients-Get-Answers-and-Take-Action/default.aspx), [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Launches-AI-Powered-Capability-That-Helps-Investors-Understand-Portfolio-Performance-and-Market-Activity/default.aspx), [Charles Schwab](https://www.aboutschwab.com/mss/story/ai-on-the-other-end-of-the-line), [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Schwab-Study-Reveals-RIA-AI-Adoption-More-Than-Doubles---But-Most-Firms-Still-in-Early-Stages/default.aspx), [Banking Dive](https://bankingdive.com/news/charles-schwab-bank-ceo-paul-woolway-retire-tyler-woulfe/811079)) |
| [Goldman Sachs](https://www.bankingnewsai.com/banks/goldman-sachs) | [79.9](https://www.bankingnewsai.com/banks/ai-index) | #22 of 120 | [39](https://www.bankingnewsai.com/banks/goldman-sachs#sources) | [15](https://www.bankingnewsai.com/banks/goldman-sachs#sources) | [7 of 13](https://www.bankingnewsai.com/banks/goldman-sachs#where) | [28](https://www.bankingnewsai.com/banks/goldman-sachs#timeline) | GS AI Platform and GS AI Assistant ([American Banker](https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month), [American Banker](https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance)) |
| [Northern Trust (this page)](https://www.bankingnewsai.com/banks/northern-trust) | [79.7](https://www.bankingnewsai.com/banks/ai-index) | #23 of 120 | [12](https://www.bankingnewsai.com/banks/northern-trust#sources) | [32](https://www.bankingnewsai.com/banks/northern-trust#sources) | [11 of 17](https://www.bankingnewsai.com/banks/northern-trust#where) | [22](https://www.bankingnewsai.com/banks/northern-trust#timeline) | Open Semantic Interchange and the data foundation ([Northern Trust](https://www.northerntrust.com/united-states/pr/2026/northern-trust-collaborates-with-industry-peers-to-strengthen-data-and-ai-interoperability), [Northern Trust](https://northerntrust.com/content/dam/northerntrust/pws/nt/documents/earnings/2025/4q-2025-km040886-presentation.pdf), [Northern Trust Asset Management](https://ntam.northerntrust.com/united-states/all-investor/insights/investment-perspective-and-commentary/2026/how-does-natural-language-processing-work), [MarketBeat (Yahoo Finance)](https://finance.yahoo.com/news/northern-trust-conference-ntrs-bets-080213324.html), [Yahoo Finance](https://finance.yahoo.com/news/northern-trust-ntrs-q4-2025-153130711.html)) |
| [State Street](https://www.bankingnewsai.com/banks/state-street) | [75.4](https://www.bankingnewsai.com/banks/ai-index) | #30 of 120 | [15](https://www.bankingnewsai.com/banks/state-street#sources) | [20](https://www.bankingnewsai.com/banks/state-street#sources) | [9 of 14](https://www.bankingnewsai.com/banks/state-street#where) | [23](https://www.bankingnewsai.com/banks/state-street#timeline) | State Street Alpha and the AI hiring build-out ([American Banker](https://www.americanbanker.com/news/2025-the-most-powerful-women-in-finance-no-19-ann-fogarty-state-street), [Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/state-street-stt-q1-2026-165824761.html), [State Street (SEC filing)](https://www.sec.gov/Archives/edgar/data/93751/000009375126000387/stt2q26earningspresentat.htm)) |
| [UBS (US)](https://www.bankingnewsai.com/banks/ubs-usa) | [75.3](https://www.bankingnewsai.com/banks/ai-index) | #31 of 120 | [21](https://www.bankingnewsai.com/banks/ubs-usa#sources) | [9](https://www.bankingnewsai.com/banks/ubs-usa#sources) | [10 of 14](https://www.bankingnewsai.com/banks/ubs-usa#where) | [22](https://www.bankingnewsai.com/banks/ubs-usa#timeline) | UBS Claves, the Chief AI Office and the 'Big Rocks' ([UBS](https://www.ubs.com/global/en/our-firm/what-we-do/technology/innovation-and-ai.html), [UBS](https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html), [UBS](https://ubs.com/us/en/wealth-management/financial-advisor-experience/articles/ai-for-financial-advisors.html)) |
| [Morgan Stanley](https://www.bankingnewsai.com/banks/morgan-stanley) | [69.7](https://www.bankingnewsai.com/banks/ai-index) | #34 of 120 | [21](https://www.bankingnewsai.com/banks/morgan-stanley#sources) | [9](https://www.bankingnewsai.com/banks/morgan-stanley#sources) | [9 of 14](https://www.bankingnewsai.com/banks/morgan-stanley#where) | [19](https://www.bankingnewsai.com/banks/morgan-stanley#timeline) | AI @ Morgan Stanley (Assistant, Debrief) and AskResearchGPT ([Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch), [Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-research-announces-askresearchgpt), [Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-wins-three-2024-technology-awards)) |

## On which parts of the AI record is Northern Trust ahead of or behind its peers?

Each row is one input of the index, counted on the profiles of Northern Trust and the 8 peers that are scored on the same basis. "Place" is Northern Trust's position in the group of 9 (1st = most).

| Component (weight) | Northern Trust | Peer median | Most in the group | Place |
| --- | --- | --- | --- | --- |
| Independent sources (45%) | 12 | 25 | [JPMorgan (43)](https://www.bankingnewsai.com/banks/jpmorgan-chase) | 9th of 9 |
| Use cases in production (10%) | 11 | 9.5 | [Citi (15)](https://www.bankingnewsai.com/banks/citigroup) | 4th of 9 |
| Own primary disclosures (10%) | 32 | 17 | [Northern Trust (32)](https://www.bankingnewsai.com/banks/northern-trust) | 1st of 9 |
| Dated moves, last 12 months (10%) | 22 | 26 | [Citi (34)](https://www.bankingnewsai.com/banks/citigroup) | 7th of 9 |
| Disclosed numbers (5%) | 17 | 18 | [JPMorgan (22)](https://www.bankingnewsai.com/banks/jpmorgan-chase) | 5th of 9 |
| Named AI leaders (5%) | 20 | 15.5 | [Northern Trust (20)](https://www.bankingnewsai.com/banks/northern-trust) | 1st of 9 |
| Use cases described (5%) | 17 | 14 | [Citi (20)](https://www.bankingnewsai.com/banks/citigroup) | 3rd of 9 |

## What has each bank in Northern Trust's peer group disclosed about its AI?

Facts from each bank's profile, cited to the profile's own sources. "Not disclosed" means the bank's public record, as cited on its profile, does not state it.

| Bank | Platform or assistant, as the profile names it | AI leaders named | Headline AI number disclosed | Patents on the record | Open AI roles |
| --- | --- | --- | --- | --- | --- |
| [Northern Trust](https://www.bankingnewsai.com/banks/northern-trust) | Open Semantic Interchange and the data foundation ([Northern Trust](https://www.northerntrust.com/united-states/pr/2026/northern-trust-collaborates-with-industry-peers-to-strengthen-data-and-ai-interoperability), [Northern Trust](https://northerntrust.com/content/dam/northerntrust/pws/nt/documents/earnings/2025/4q-2025-km040886-presentation.pdf), [Northern Trust Asset Management](https://ntam.northerntrust.com/united-states/all-investor/insights/investment-perspective-and-commentary/2026/how-does-natural-language-processing-work), [MarketBeat (Yahoo Finance)](https://finance.yahoo.com/news/northern-trust-conference-ntrs-bets-080213324.html), [Yahoo Finance](https://finance.yahoo.com/news/northern-trust-ntrs-q4-2025-153130711.html)) | [20, incl. Michael O'Grady (Chairman and CEO)](https://www.bankingnewsai.com/banks/northern-trust#people) ([Banking Dive](https://www.bankingdive.com/news/northern-trust-ceo-dismisses-bny-goldman-sachs-takeover-reports-ogrady-warren-vince/753953/), [American Banker](https://www.americanbanker.com/news/northern-trust-joins-banks-lifted-by-ipos-capital-markets)) | AI use cases in production: 150+ (Oct 22, 2025) ([GuruFocus (Yahoo Finance)](https://finance.yahoo.com/news/northern-trust-corp-ntrs-q3-190424060.html)) | 3 patents listed on the profile, e.g. US 11,869,015 B1 (Benchmarking that may use a k-nearest-neighbour or other machine-learning algorithm) ([Google Patents (USPTO)](https://patents.google.com/patent/US11869015B1/en)) | [11 open AI roles (Sep 24, 2026); most in AI engineering](https://www.bankingnewsai.com/banks/northern-trust#roles) |
| [BNY (Bank of New York Mellon)](https://www.bankingnewsai.com/banks/bny-mellon) | Eliza ([American Banker](https://americanbanker.com/news/while-embedding-ai-everywhere-bny-wont-disclose-costs), [BNY](https://www.bny.com/assets/corporate/documents/pdf/investor-relations/earnings/quarterly-update-presentation-1q-2026.pdf), [BNY](https://www.bny.com/corporate/global/en/insights/unlocking-potential-enterprise-ai-platform-bny.html), [The Wall Street Journal](https://www.wsj.com/articles/bny-americas-oldest-bank-signs-multiyear-deal-with-openai-74987d1d), [Banking Dive](https://www.bankingdive.com/news/bny-google-cloud-agentic-AI-robin-vince/807390/), [American Banker](https://www.americanbanker.com/news/bny-tops-estimates-reports-revenue-upswing)) | [17, incl. Robin Vince (Chairman and CEO)](https://www.bankingnewsai.com/banks/bny-mellon#people) ([Bloomberg](https://www.bloomberg.com/news/articles/2026-07-21/openai-names-bny-nubank-ceos-to-board-ahead-of-ipo), [Banking Dive](https://www.bankingdive.com/news/bnys-robin-vince-stays-big-on-ai/804139/)) | Daily AI users / agent builders: ≈ 50% / > 50% of employees (Apr 16, 2026) ([BNY](https://www.bny.com/assets/corporate/documents/pdf/investor-relations/earnings/quarterly-update-presentation-1q-2026.pdf)) | 5 patents listed on the profile, e.g. EP 4758506 A1 (Machine-learning translation of one coding language into another) ([Google Patents (EPO)](https://patents.google.com/patent/EP4758506A1/en)) | [12+ open AI roles (Oct 1, 2026); most in AI product & strategy](https://www.bankingnewsai.com/banks/bny-mellon#roles) |
| [State Street](https://www.bankingnewsai.com/banks/state-street) | State Street Alpha and the AI hiring build-out ([American Banker](https://www.americanbanker.com/news/2025-the-most-powerful-women-in-finance-no-19-ann-fogarty-state-street), [Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/state-street-stt-q1-2026-165824761.html), [State Street (SEC filing)](https://www.sec.gov/Archives/edgar/data/93751/000009375126000387/stt2q26earningspresentat.htm)) | [14, incl. Ronald O'Hanley (Chairman and CEO)](https://www.bankingnewsai.com/banks/state-street#people) ([American Banker](https://www.americanbanker.com/news/state-street-touts-selection-by-treasury-1b-cost-cut-plan), [Reuters](https://www.reuters.com/business/finance/state-streets-profit-rises-robust-fee-income-2026-04-17/)) | Employees: ≈ 51,000 (Sep 30, 2026) ([State Street (SEC filing)](https://www.sec.gov/Archives/edgar/data/93751/000009375126000592/a3q26earningspressrelease.htm)) | 5 patents listed on the profile, e.g. US 11,693,917 B2 (Computational model optimizations) ([Google Patents (USPTO)](https://patents.google.com/patent/US11693917B2/en)) | [12+ open AI roles (Oct 1, 2026); most in AI product & strategy](https://www.bankingnewsai.com/banks/state-street#roles) |
| [JPMorgan Chase](https://www.bankingnewsai.com/banks/jpmorgan-chase) | LLM Suite ([American Banker](https://www.americanbanker.com/news/how-jpmorganchase-democratized-employee-access-to-gen-ai), [American Banker](https://www.americanbanker.com/video/wib-2025/driving-ai-use-cases-and-adoption-aligning-business-value-data-readiness-and-risk-management)) | [19, incl. Lori Beer (Global Chief Information Officer)](https://www.bankingnewsai.com/banks/jpmorgan-chase#people) ([American Banker](https://www.americanbanker.com/news/chases-lori-beer-is-8-on-the-most-innovative-people-in-finance-ranking)) | Technology employees: 65,000+ (Oct 1, 2026) ([American Banker](https://www.americanbanker.com/news/2026-the-most-powerful-women-in-banking-5-lori-beer-jpmorganchase)) | 6 patents listed on the profile, e.g. US 2026/0010713 A1 (Generative ML framework producing predictive results on financial transactions) ([Google Patents (USPTO)](https://patents.google.com/patent/US20260010713A1/en)) | [12+ open AI roles (Oct 1, 2026); most in ML & data science](https://www.bankingnewsai.com/banks/jpmorgan-chase#roles) |
| [Citigroup](https://www.bankingnewsai.com/banks/citigroup) | Citi Stylus Workspaces ([The Wall Street Journal](https://www.wsj.com/cio-journal/the-ai-superfans-companies-count-on-to-convert-the-skeptics-5b301a90), [Citigroup](https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12026/2026psqtr1rslt.pdf)) | [18, incl. Tim Ryan (Head of Technology and Business Enablement)](https://www.bankingnewsai.com/banks/citigroup#people) ([Reuters](https://www.reuters.com/business/finance/citigroup-says-ai-helps-speed-account-openings-systems-upgrades-2026-04-08/)) | Colleagues using AI tools: 80%+ (Apr 14, 2026) ([Citigroup](https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12026/2026psqtr1rslt.pdf)) | 4 patents listed on the profile, e.g. US 12,450,494 B1 (Validating autonomous AI agents using generative AI) ([Google Patents (USPTO)](https://patents.google.com/patent/US12450494B1/en)) | [12+ open AI roles (Oct 1, 2026); most in AI engineering](https://www.bankingnewsai.com/banks/citigroup#roles) |
| [The Charles Schwab Corporation](https://www.bankingnewsai.com/banks/charles-schwab) | Charley, Portfolio Insights, Schwab Knowledge Assistant and Schwab Advisor AI in Action ([Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Meet-Charley-Schwabs-New-AI-Powered-Assistant-Designed-to-Help-Clients-Get-Answers-and-Take-Action/default.aspx), [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Launches-AI-Powered-Capability-That-Helps-Investors-Understand-Portfolio-Performance-and-Market-Activity/default.aspx), [Charles Schwab](https://www.aboutschwab.com/mss/story/ai-on-the-other-end-of-the-line), [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Schwab-Study-Reveals-RIA-AI-Adoption-More-Than-Doubles---But-Most-Firms-Still-in-Early-Stages/default.aspx), [Banking Dive](https://bankingdive.com/news/charles-schwab-bank-ceo-paul-woolway-retire-tyler-woulfe/811079)) | [14, incl. Rick Wurster (President and CEO)](https://www.bankingnewsai.com/banks/charles-schwab#people) ([Bloomberg](https://bloomberg.com/news/articles/2026-05-13/schwab-plans-to-use-ai-to-reach-serve-less-affluent-customers), [Bloomberg](https://bloomberg.com/news/articles/2026-02-11/charles-schwab-ceo-says-ai-is-poised-to-boost-wealth-managers)) | Retail clients wanting AI paired with human expertise: ≈ 70% (of ≈ 1,000 surveyed) (May 5, 2026) ([Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Launches-AI-Powered-Capability-That-Helps-Investors-Understand-Portfolio-Performance-and-Market-Activity/default.aspx)) | 4 patents listed on the profile, e.g. US 2025/0077917 A1 (Iterative generation and plotting of machine-learning outcomes) ([Google Patents (USPTO)](https://patents.google.com/patent/US20250077917A1/en)) | [12+ open AI roles (Oct 1, 2026); most in AI product & strategy](https://www.bankingnewsai.com/banks/charles-schwab#roles) |
| [Morgan Stanley](https://www.bankingnewsai.com/banks/morgan-stanley) | AI @ Morgan Stanley (Assistant, Debrief) and AskResearchGPT ([Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch), [Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-research-announces-askresearchgpt), [Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-wins-three-2024-technology-awards)) | [13, incl. Michael Pizzi (Head of Technology)](https://www.bankingnewsai.com/banks/morgan-stanley#people) ([American Banker](https://www.americanbanker.com/news/morgan-stanleys-michael-pizzi-is-27-on-the-most-innovative-people-in-finance-ranking)) | Employees with gen-AI access: ≈ 98% of 80,000 (Jun 1, 2026) ([American Banker](https://www.americanbanker.com/news/morgan-stanleys-michael-pizzi-is-27-on-the-most-innovative-people-in-finance-ranking)) | 3 patents listed on the profile, e.g. US 2026/0051336 A1 (Enhancing audio and video media using generative AI) ([Google Patents (USPTO)](https://patents.google.com/patent/US20260051336A1/en)) | [12+ open AI roles (Oct 1, 2026); most in AI engineering](https://www.bankingnewsai.com/banks/morgan-stanley#roles) |
| [Goldman Sachs](https://www.bankingnewsai.com/banks/goldman-sachs) | GS AI Platform and GS AI Assistant ([American Banker](https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month), [American Banker](https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance)) | [16, incl. Marco Argenti (Chief Information Officer)](https://www.bankingnewsai.com/banks/goldman-sachs#people) ([CNBC](https://www.cnbc.com/2026/02/06/anthropic-goldman-sachs-ai-model-accounting.html), [American Banker](https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance)) | Employees with GS AI Assistant: 46,000 (all) (Jul 25, 2025) ([American Banker](https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month)) | 5 patents listed on the profile, e.g. US 2026/0072655 A1 (Context injection for AI coding assistants) ([Google Patents (USPTO)](https://patents.google.com/patent/US20260072655A1/en)) | [12+ open AI roles (Oct 1, 2026); most in AI engineering](https://www.bankingnewsai.com/banks/goldman-sachs#roles) |
| [UBS (US)](https://www.bankingnewsai.com/banks/ubs-usa) | UBS Claves, the Chief AI Office and the 'Big Rocks' ([UBS](https://www.ubs.com/global/en/our-firm/what-we-do/technology/innovation-and-ai.html), [UBS](https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html), [UBS](https://ubs.com/us/en/wealth-management/financial-advisor-experience/articles/ai-for-financial-advisors.html)) | [15, incl. Sergio Ermotti (Group Chief Executive Officer)](https://www.bankingnewsai.com/banks/ubs-usa#people) ([Banking Dive](https://bankingdive.com/news/ubs-deploys-ai-programs-unlock-efficiency-ermotti-magazzeni-credit-suisse/811572)) | Live AI use cases (group): 300+ (Oct 16, 2025) ([UBS](https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html)) | 2 patents listed on the profile, e.g. US 11,429,879 B2 (Identifying dynamic thematic relationships over time with machine-learning models) ([Google Patents (USPTO)](https://patents.google.com/patent/US11429879B2/en)) | [2 open AI roles (Sep 24, 2026); most in AI product & strategy](https://www.bankingnewsai.com/banks/ubs-usa#roles) |

## What are the latest dated moves on the AI record of Northern Trust and its peers?

The two newest dated entries of each bank since Oct 16, 2025, from the timelines of the profiles (which also log filings, results and deals that bear on the AI record), newest first.

| Date | Bank | Move |
| --- | --- | --- |
| Oct 15, 2026 | [BNY](https://www.bankingnewsai.com/banks/bny-mellon) | Q3 call: '400-plus' AI solutions in production; AI spend not broken out ([American Banker](https://americanbanker.com/news/while-embedding-ai-everywhere-bny-wont-disclose-costs)) |
| Oct 13, 2026 | [Goldman](https://www.bankingnewsai.com/banks/goldman-sachs) | Q3 2026 call: Solomon sets out AI guardrails and compute-supply risk ([Investing.com](https://investing.com/news/transcripts/earnings-call-transcript-goldman-sachs-tops-q3-2026-estimates-as-revenue-rises-93CH-4947164), [American Banker](https://americanbanker.com/news/goldmans-solomon-wants-clear-human-accountability-on-ai)) |
| Oct 13, 2026 | [JPMorgan](https://www.bankingnewsai.com/banks/jpmorgan-chase) | Q3 2026 call: outside AI agents stay blocked; AI spend put near $700 million ([CNBC](https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html), [Banking Dive](https://www.bankingdive.com/news/jpmorgan-dimon-ai-agents-bank-customers-liability-transfer/832870), [American Banker](https://www.americanbanker.com/news/jpmorgan-warns-of-risks-to-consumers-who-rely-on-ai-agents)) |
| Oct 8, 2026 | [Goldman](https://www.bankingnewsai.com/banks/goldman-sachs) | Sneader: new joiners 'are managing agents' ([Bloomberg](https://bloomberg.com/news/articles/2026-10-08/young-bankers-to-manage-ai-agents-from-start-goldman-exec-says)) |
| Oct 8, 2026 | [Schwab](https://www.bankingnewsai.com/banks/charles-schwab) | How Charley was built: employee testing, confirmation before any change ([Traders Magazine](https://www.tradersmagazine.com/featured_articles/charles-schwabs-amy-ruegg-ai-can-make-investing-easier-but-human-expertise-remains-key/)) |
| Oct 6, 2026 | [JPMorgan](https://www.bankingnewsai.com/banks/jpmorgan-chase) | Evident AI Index: first for the fourth consecutive year ([American Banker](https://www.americanbanker.com/news/jpmorganchase-still-tops-ai-ranking-as-big-bank-lead-widens)) |
| Oct 1, 2026 | [Citi](https://www.bankingnewsai.com/banks/citigroup) | Payments chief: no AI model to authorise payments ([American Banker](https://americanbanker.com/news/2026-the-most-powerful-women-in-banking-women-to-watch-7-debopama-sen-citi)) |
| Oct 1, 2026 | [State Street](https://www.bankingnewsai.com/banks/state-street) | Fogarty: agentic AI 'moved into production', driverless NAV live ([American Banker](https://www.americanbanker.com/news/2026-the-most-powerful-women-in-finance-19-ann-fogarty-state-street)) |
| Oct 1, 2026 | [BNY](https://www.bankingnewsai.com/banks/bny-mellon) | Russell profile: usage up from about 20% to 99% trained in a year ([American Banker](https://www.americanbanker.com/news/2026-the-most-powerful-women-in-banking-women-to-watch-18-leigh-ann-russell-bny)) |
| Sep 30, 2026 | [Schwab](https://www.bankingnewsai.com/banks/charles-schwab) | Charley, a gen-AI assistant for retail clients, unveiled ([Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Meet-Charley-Schwabs-New-AI-Powered-Assistant-Designed-to-Help-Clients-Get-Answers-and-Take-Action/default.aspx), [Charles Schwab (Yahoo Finance)](https://finance.yahoo.com/technology/ai/articles/meet-charley-schwab-ai-powered-130000718.html)) |
| Sep 29, 2026 | [Citi](https://www.bankingnewsai.com/banks/citigroup) | Market Guide platform relaunched with AI at Sibos ([Citigroup (Business Wire)](https://secure.businesswire.com/news/home/20260929289110/en/Citi-Investor-Services-Reimagines-Market-Guide-Platform-Harnessing-AI-to-Deliver-Timely-Intelligence-for-Decision-Makers)) |
| Sep 29, 2026 | [Northern Trust](https://www.bankingnewsai.com/banks/northern-trust) | CFO David Fox to retire around March 2027 ([Northern Trust (SEC filings)](https://www.sec.gov/Archives/edgar/data/73124/000007312426000057/ntrs-20260928.htm)) |
| Sep 22, 2026 | [UBS](https://www.bankingnewsai.com/banks/ubs-usa) | Ermotti at the Bank of America conference ([Investing.com](https://investing.com/news/transcripts/ubs-at-bank-of-america-financials-conference-growth-meets-capital-pressure-93CH-4910194)) |
| Sep 15, 2026 | [Northern Trust](https://www.bankingnewsai.com/banks/northern-trust) | Northern Trust survey: every asset manager respondent uses AI ([Northern Trust (Business Wire via Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/northern-trust-survey-asset-managers-080000689.html)) |
| Sep 14, 2026 | [State Street](https://www.bankingnewsai.com/banks/state-street) | Ann Fogarty named enterprise COO to lead technology, operations and the AI agenda ([State Street (Business Wire via Yahoo Finance)](https://finance.yahoo.com/technology/articles/state-street-announces-leadership-alpha-103000725.html)) |
| Sep 10, 2026 | [Morgan Stanley](https://www.bankingnewsai.com/banks/morgan-stanley) | Design partner for OpenAI's banker research tool ([American Banker](https://www.americanbanker.com/news/openai-launches-financial-tool-for-wall-street-bankers)) |
| Sep 10, 2026 | [Morgan Stanley](https://www.bankingnewsai.com/banks/morgan-stanley) | OpenAI launches ChatGPT for Financial Services, shaped with Morgan Stanley and Evercore ([OpenAI](https://openai.com/index/introducing-chatgpt-financial-services/), [Fortune](https://fortune.com/2026/09/10/openai-courts-wall-street-with-chatgpt-for-financial-services-developed-with-morgan-stanley/)) |
| Sep 6, 2026 | [UBS](https://www.bankingnewsai.com/banks/ubs-usa) | AI proficiency required of new junior bankers ([Financial Times](https://www.ft.com/content/76b370ff-b5f6-4e22-aa30-da08b1abb8f8)) |

## How does Northern Trust's AI platform compare with BNY's Eliza and State Street's?

Each bank's internal AI platform and the scale it reports. Use-case counts are each bank's own and are not defined the same way.

| Bank | Platform | Scale disclosed | Date |
| --- | --- | --- | --- |
| Northern Trust | NT Byron, a proprietary platform on which employees build task-focused agents; firmwide Microsoft Copilot | More than 150 AI use cases in production; a 150-use-case backlog | October 2025 and February 2026 ([GuruFocus (Yahoo Finance)](https://finance.yahoo.com/news/northern-trust-corp-ntrs-q3-190424060.html), [MarketBeat (Yahoo Finance)](https://finance.yahoo.com/news/northern-trust-conference-ntrs-bets-080213324.html), [Yahoo Finance](https://finance.yahoo.com/news/northern-trust-ntrs-q4-2025-153130711.html)) |
| BNY | Eliza, multi-model (OpenAI, Google Gemini Enterprise, Anthropic) with 'digital employees' | About 220 AI solutions and about 140 digital employees; 99% of staff trained | December 2025 and April 2026 ([BNY](https://www.bny.com/assets/corporate/documents/pdf/investor-relations/earnings/quarterly-update-presentation-1q-2026.pdf), [BNY (SEC filing)](https://www.sec.gov/Archives/edgar/data/1390777/000139077726000004/ex993_quarterlyupdatepre.htm)) |
| State Street | Central AI hub; copilot platform for eligible employees; AI Foundry | More than 200 use cases, 70 live | April 2026 ([Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/state-street-stt-q1-2026-165824761.html)) |
| JPMorgan Chase | LLM Suite routing to third-party models | About 250,000 employees with access | 2025 ([American Banker](https://www.americanbanker.com/news/how-jpmorganchase-democratized-employee-access-to-gen-ai)) |
| Citigroup | Citi Stylus Workspaces; Arc agent platform | More than 80% adoption; 42 million interactions (Q1 2026) | April and May 2026 ([Citigroup](https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12026/2026psqtr1rslt.pdf), [CIO Dive](https://www.ciodive.com/news/citi-launches-arc-scale-ai-agents/819113/)) |
| Morgan Stanley | AI @ Morgan Stanley Assistant and Debrief for advisers | 98% of advisor teams using the Assistant | June 2024 ([Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch)) |

## How do the custody banks use AI in asset servicing?

Asset-servicing AI each custodian has described, with results as reported.

| Bank | Asset-servicing AI | Result disclosed | Date |
| --- | --- | --- | --- |
| Northern Trust | Document digitisation and AML/KYC document handling; faster asset-servicing RFP responses; Saphyre account-lifecycle workflows; ML detection of anomalous and fraudulent transactions | Productivity savings above 4% of the 2025 expense base (programme-wide) | 2025-2026 ([Investing.com](https://investing.com/news/transcripts/northern-trust-at-barclays-conference-strategic-focus-on-growth-and-efficiency-93CH-4232423), [MarketBeat (Yahoo Finance)](https://finance.yahoo.com/news/northern-trust-conference-ntrs-bets-080213324.html), [Northern Trust](https://www.northerntrust.com/united-states/pr/2026/northern-trust-and-saphyre-expand-collaboration-to-enhance-the-full-account-lifecycle-for-investment-operations-outsourcing-clients), [Northern Trust (SEC filings)](https://www.sec.gov/Archives/edgar/data/73124/000007312426000016/ntrs-20251231.htm), [Yahoo Finance](https://finance.yahoo.com/news/northern-trust-ntrs-q4-2025-153130711.html)) |
| BNY | Settlement-inquiry and payments digital employees | More than 10% of custody settlement status inquiries handled by AI; investigations more than 80% faster | Q1 2026 ([BNY (SEC filing)](https://www.sec.gov/Archives/edgar/data/1390777/000139077726000042/ex993_quarterlyupdatepre.htm), [Microsoft WorkLab](https://www.microsoft.com/en-us/worklab/the-making-of-a-frontier-firm-how-ai-is-redesigning-work-at-bny)) |
| State Street | Deep-learning anomaly detection on the Alpha Data Platform; agent-enabled service delivery | Flagged exceptions cut from over 31,000 to about 4,000 in a test, finding every true error | October 2024 and July 2026 ([State Street](https://www.statestreet.com/alpha/insights/new-standard-in-data-quality), [State Street](https://www.statestreet.com/alpha/insights/turn-frequent-anomalies-into-rare-exceptions), [Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/state-street-stt-q1-2026-165824761.html)) |
| Citigroup | AI applied to 'just over 50' of its largest processes | Re-engineering under way | January 2026 ([Citigroup](https://www.citigroup.com/rcs/citigpa/storage/public/2025psqtr4-transcript.pdf)) |

## How does Northern Trust's use of AI in coding compare with its peers'?

Coding tools and results as each bank reports them; measures differ.

| Bank | Coding tools | Result disclosed | Date |
| --- | --- | --- | --- |
| Northern Trust | GitHub Copilot rolled out across the organisation | Developers estimate about 31% of development time saved | September 2025 ([Investing.com](https://investing.com/news/transcripts/northern-trust-at-barclays-conference-strategic-focus-on-growth-and-efficiency-93CH-4232423), [MarketBeat (Yahoo Finance)](https://finance.yahoo.com/news/northern-trust-conference-ntrs-bets-080213324.html)) |
| State Street | AI development tools for all developers | 30% to 40% productivity gain targeted for software developers | April and July 2026 ([Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/state-street-stt-q1-2026-165824761.html), [Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/state-street-stt-q2-2026-141337102.html)) |
| Citigroup | Devin coding agents for 40,000 developers; AI code review | About 100,000 hours of engineering capacity freed a week | 2025-2026 ([American Banker](https://www.americanbanker.com/news/citi-is-rolling-out-agentic-ai-to-its-40-000-developers), [Citigroup](https://citigroup.com/rcs/citigpa/storage/public/investor-day/citi-ID26-full-event-transcript.pdf)) |
| JPMorgan Chase | Bank-built coding assistant | 10% to 20% engineer productivity gain | March 2025 ([Reuters](https://www.reuters.com/technology/artificial-intelligence/jpmorgan-engineers-efficiency-jumps-much-20-using-coding-assistant-2025-03-13/)) |
| BNY | Digital employees that find and fix code vulnerabilities | Not published as a percentage | 2026 ([American Banker](https://www.americanbanker.com/news/2026-the-most-powerful-women-in-banking-women-to-watch-18-leigh-ann-russell-bny)) |

## Which banks are Northern Trust's peers, and why these?

Northern Trust is compared here with BNY (Bank of New York Mellon), State Street, JPMorgan Chase, Citigroup, The Charles Schwab Corporation, Morgan Stanley, Goldman Sachs and UBS (US): chosen by the editors for this page (see the note below the table). Northern Trust is classed as a trust and custody bank in the Midwest.

Northern Trust is a custody bank and private bank, so it is compared with the custodians it meets in asset servicing (BNY, State Street, JPMorgan, Citi) and the wealth managers it meets with wealthy families, not with the regional and direct banks nearest it in assets.

## Common questions

### Is Northern Trust better than BNY at AI?

The record cannot settle capability, but BNY has put more on it: it scores 89.8 on this site's index against Northern Trust's 79.7. BNY reports about 220 AI solutions, about 140 digital employees and 99% of staff trained on Eliza, on engineering spend of about $4 billion a year. Northern Trust reports more than 150 use cases in production on its NT Byron platform and leads BNY on its own disclosures and named AI leaders. ([BNY](https://www.bny.com/assets/corporate/documents/pdf/investor-relations/earnings/quarterly-update-presentation-1q-2026.pdf), [BNY (SEC filing)](https://www.sec.gov/Archives/edgar/data/1390777/000139077726000004/ex993_quarterlyupdatepre.htm), [Yahoo Finance](https://finance.yahoo.com/technology/ai/articles/bny-sees-cross-selling-ai-210204657.html), [GuruFocus (Yahoo Finance)](https://finance.yahoo.com/news/northern-trust-corp-ntrs-q3-190424060.html), [MarketBeat (Yahoo Finance)](https://finance.yahoo.com/news/northern-trust-conference-ntrs-bets-080213324.html))

### How does Northern Trust's AI compare with State Street's?

They are a few points apart on this site's index (79.7 against 75.4). State Street reports more than 200 use cases on a central AI hub, 70 of them live (April 2026), and ties AI to a $750 million productivity target. Northern Trust reports more than 150 use cases in production and productivity savings above 4% of its 2025 expense base. State Street's 10-K names BNY and Northern Trust as its direct peer group. ([Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/state-street-stt-q1-2026-165824761.html), [Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/state-street-stt-q2-2026-141337102.html), [GuruFocus (Yahoo Finance)](https://finance.yahoo.com/news/northern-trust-corp-ntrs-q3-190424060.html), [Yahoo Finance](https://finance.yahoo.com/news/northern-trust-ntrs-q4-2025-153130711.html), [State Street (SEC filing)](https://www.sec.gov/Archives/edgar/data/93751/000009375126000124/stt-20251231.htm))

### What AI does Northern Trust give its wealth advisers?

A One Wealth assistant that brings Northern Trust Institute insights into advisers' workflows, client-action-plan agents that synthesise client data for relationship managers, and next-best-action tools; the wealth president said in September 2026 that the AI focus in wealth is the adviser. Morgan Stanley's AI @ Morgan Stanley Assistant reached 98% of advisor teams in 2024, and its Debrief writes meeting notes. ([Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/northern-trust-ntrs-q1-2026-150341437.html), [Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/northern-trust-ntrs-q2-2026-004614674.html), [Investing.com](https://ca.investing.com/news/stock-market-news/northern-trust-at-barclays-conference-wealth-push-lifts-outlook-93CH-4838293), [Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch))

### How does Northern Trust govern AI compared with other custody banks?

Its 2025 10-K describes a dedicated AI Risk Program and puts AI and machine-learning models under model-risk governance with independent validation; its 2026 proxy says the board oversees AI through existing committees and gets periodic AI briefings. BNY's 10-K likewise places AI, including large language models, inside model risk management and a cross-functional AI risk framework. ([Northern Trust (SEC filings)](https://www.sec.gov/Archives/edgar/data/73124/000007312426000016/ntrs-20251231.htm), [Northern Trust (SEC filings)](https://www.sec.gov/Archives/edgar/data/73124/000007312426000022/ntrs-20260311.htm), [BNY (SEC filing)](https://www.sec.gov/Archives/edgar/data/1390777/000139077726000033/bk-20251231_d2.htm))

### Why does Northern Trust rank sixth in its peer group on this site's AI index?

It leads the group on its own disclosures (32) and named AI leaders (20), but has the least independent coverage, 12 sources against 42 for JPMorgan and Citigroup, and independent coverage carries 45% of the index weight. Its AI record comes largely from earnings calls, conference remarks and its own releases rather than outside reporting. ([Yahoo Finance](https://finance.yahoo.com/news/northern-trust-ntrs-q4-2025-153130711.html), [Investing.com](https://ca.investing.com/news/stock-market-news/northern-trust-at-barclays-conference-wealth-push-lifts-outlook-93CH-4838293), [Northern Trust](https://www.northerntrust.com/united-states/pr/2026/northern-trust-collaborates-with-industry-peers-to-strengthen-data-and-ai-interoperability))

### How much does Northern Trust spend on AI?

It does not publish an AI or technology budget. The CFO said in September 2026 that Northern Trust has more AI use cases than time and money and has set up a governance process to choose which to fund, and the bank self-funds through productivity savings that exceeded 4% of its 2025 expense base. BNY puts its annual engineering spend at about $4 billion. ([Investing.com](https://ca.investing.com/news/stock-market-news/northern-trust-at-barclays-conference-wealth-push-lifts-outlook-93CH-4838293), [Yahoo Finance](https://finance.yahoo.com/news/northern-trust-ntrs-q4-2025-153130711.html), [Yahoo Finance](https://finance.yahoo.com/technology/ai/articles/bny-sees-cross-selling-ai-210204657.html))

### Does Northern Trust use AI in asset management like other firms?

Yes. Northern Trust Asset Management runs $47 billion in quantitative strategies, launched two NT Adaptive Equity UCITS funds using natural-language processing and alternative data in June 2026, and publishes research on text-derived signals. A Northern Trust survey of 300 asset managers in 2026 found every respondent deploying AI, led by data quality, document management and research. ([Northern Trust Asset Management (Business Wire)](https://businesswire.com/news/home/20260603817494/en/Northern-Trust-Asset-Management-Announces-Adaptive-Equity-Funds), [Northern Trust Asset Management](https://ntam.northerntrust.com/content/dam/northerntrust/investment-management/global/en/documents/research/quantitative/uncovering-alpha-networked-economy.pdf), [Northern Trust (Business Wire via Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/northern-trust-survey-asset-managers-080000689.html))

## Peers on this site

- [BNY (Bank of New York Mellon) AI strategy](https://www.bankingnewsai.com/banks/bny-mellon) · [vs peers](https://www.bankingnewsai.com/banks/bny-mellon/vs-peers)
- [State Street AI strategy](https://www.bankingnewsai.com/banks/state-street) · [vs peers](https://www.bankingnewsai.com/banks/state-street/vs-peers)
- [JPMorgan Chase AI strategy](https://www.bankingnewsai.com/banks/jpmorgan-chase) · [vs peers](https://www.bankingnewsai.com/banks/jpmorgan-chase/vs-peers)
- [Citigroup AI strategy](https://www.bankingnewsai.com/banks/citigroup) · [vs peers](https://www.bankingnewsai.com/banks/citigroup/vs-peers)
- [The Charles Schwab Corporation AI strategy](https://www.bankingnewsai.com/banks/charles-schwab) · [vs peers](https://www.bankingnewsai.com/banks/charles-schwab/vs-peers)
- [Morgan Stanley AI strategy](https://www.bankingnewsai.com/banks/morgan-stanley) · [vs peers](https://www.bankingnewsai.com/banks/morgan-stanley/vs-peers)
- [Goldman Sachs AI strategy](https://www.bankingnewsai.com/banks/goldman-sachs) · [vs peers](https://www.bankingnewsai.com/banks/goldman-sachs/vs-peers)
- [UBS (US) AI strategy](https://www.bankingnewsai.com/banks/ubs-usa) · [vs peers](https://www.bankingnewsai.com/banks/ubs-usa/vs-peers)

## Sources

1. Northern Trust Corp (NTRS) Q3 2025 Earnings Call Highlights — GuruFocus (Yahoo Finance), Oct 22, 2025. https://finance.yahoo.com/news/northern-trust-corp-ntrs-q3-190424060.html
2. Quarterly Update Presentation, 1Q 2026 — BNY, Apr 16, 2026. https://www.bny.com/assets/corporate/documents/pdf/investor-relations/earnings/quarterly-update-presentation-1q-2026.pdf
3. Exhibit 99.3: Quarterly Update Presentation, 4Q 2025 (Form 8-K) — BNY (SEC filing), Jan 13, 2026. https://www.sec.gov/Archives/edgar/data/1390777/000139077726000004/ex993_quarterlyupdatepre.htm
4. Northern Trust (NTRS) Q4 2025 Earnings Transcript — Yahoo Finance, Jan 22, 2026. https://finance.yahoo.com/news/northern-trust-ntrs-q4-2025-153130711.html
5. Northern Trust at Barclays Conference: Strategic Focus on Growth and Efficiency (transcript) — Investing.com, Sep 9, 2025. https://investing.com/news/transcripts/northern-trust-at-barclays-conference-strategic-focus-on-growth-and-efficiency-93CH-4232423
6. Northern Trust (NTRS) Q1 2026 Earnings Transcript — Yahoo Finance, Apr 21, 2026. https://finance.yahoo.com/markets/stocks/articles/northern-trust-ntrs-q1-2026-150341437.html
7. Northern Trust at Barclays Conference: Wealth Push Lifts Outlook (transcript) — Investing.com, Sep 14, 2026. https://ca.investing.com/news/stock-market-news/northern-trust-at-barclays-conference-wealth-push-lifts-outlook-93CH-4838293
8. Launch of AI @ Morgan Stanley Debrief — Morgan Stanley, Jun 26, 2024. https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch
9. BNY Sees Cross-Selling and AI Investments Fueling Its Next Growth Phase — Yahoo Finance, Sep 19, 2026. https://finance.yahoo.com/technology/ai/articles/bny-sees-cross-selling-ai-210204657.html
10. Thomas A. South, Chief Information Officer — Northern Trust, Jan 1, 2026. https://northerntrust.com/united-states/insights-research/corporate/experts/south-a-thomas
11. Northern Trust Collaborates with Industry Peers to Strengthen Data and AI Interoperability — Northern Trust, Jun 9, 2026. https://www.northerntrust.com/united-states/pr/2026/northern-trust-collaborates-with-industry-peers-to-strengthen-data-and-ai-interoperability
12. Northern Trust Asset Management Appoints Gijsbert de Lange as Chief Innovation Strategist — Northern Trust (Business Wire), Jan 29, 2026. https://businesswire.com/news/home/20260128771359/en/Northern-Trust-Asset-Management-Appoints-Gijsbert-de-Lange-as-Chief-Innovation-Strategist
13. State Street (STT) Q2 2026 Earnings Call Transcript — Motley Fool (Yahoo Finance), Jul 23, 2026. https://finance.yahoo.com/markets/stocks/articles/state-street-stt-q2-2026-141337102.html
14. US 11,928,438 B1: Computing technologies for large language models (Northern Trust Corporation) — Google Patents (USPTO), Mar 12, 2024. https://patents.google.com/patent/US11928438B1/en
15. US 2026/0141187 A1: Computing technologies for large language models (Northern Trust Corporation) — Google Patents (USPTO), May 21, 2026. https://patents.google.com/patent/US20260141187A1/en
16. Northern Trust Asset Management Announces Adaptive Equity Funds — Northern Trust Asset Management (Business Wire), Jun 3, 2026. https://businesswire.com/news/home/20260603817494/en/Northern-Trust-Asset-Management-Announces-Adaptive-Equity-Funds
17. Northern Trust Asset Management Appoints Anne-Sophie van Royen, Ph.D. as Head of Index and Quantitative Strategies — Northern Trust Asset Management (Business Wire via Yahoo Finance), May 20, 2026. https://finance.yahoo.com/markets/stocks/articles/northern-trust-asset-management-appoints-140000271.html
18. Morgan Stanley Research Announces AskResearchGPT — Morgan Stanley, Oct 1, 2024. https://www.morganstanley.com/press-releases/morgan-stanley-research-announces-askresearchgpt
19. Northern Trust Conference: NTRS Bets on ETFs, Alternatives, AI and Tokenization to Drive Growth — MarketBeat (Yahoo Finance), Feb 11, 2026. https://finance.yahoo.com/news/northern-trust-conference-ntrs-bets-080213324.html
20. Digital employees, AI bootcamps: America's oldest bank is spending billions on tech — CNBC, Feb 9, 2026. https://www.cnbc.com/2026/02/09/digital-employees-ai-bootcamps-americas-oldest-bank-spends-billions-on-tech.html
21. Northern Trust Corporation Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 — Northern Trust (SEC filings), Jul 30, 2026. https://www.sec.gov/Archives/edgar/data/73124/000007312426000047/ntrs-20260630.htm
22. Northern Trust Corporation Reports Second Quarter Net Income of $792.2 Million (earnings release, Exhibit 99.1) — Northern Trust, Jul 22, 2026. https://northerntrust.com/content/dam/northerntrust/pws/nt/documents/earnings/2026/q2-2026-release-a0716c.pdf
23. Northern Trust Corporation Form 8-K: Chief Financial Officer David W. Fox, Jr. plans to retire — Northern Trust (SEC filings), Sep 29, 2026. https://www.sec.gov/Archives/edgar/data/73124/000007312426000057/ntrs-20260928.htm
24. State Street Announces Leadership for Alpha and Enterprise Operations and Technology — State Street (Business Wire via Yahoo Finance), Sep 14, 2026. https://finance.yahoo.com/technology/articles/state-street-announces-leadership-alpha-103000725.html
25. The AI Superfans Companies Count On to Convert the Skeptics — The Wall Street Journal, Jul 8, 2026. https://www.wsj.com/cio-journal/the-ai-superfans-companies-count-on-to-convert-the-skeptics-5b301a90
26. Earnings Results Presentation, First Quarter 2026 — Citigroup, Apr 14, 2026. https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12026/2026psqtr1rslt.pdf
27. While embedding AI 'everywhere,' BNY won't disclose costs — American Banker, Oct 15, 2026. https://americanbanker.com/news/while-embedding-ai-everywhere-bny-wont-disclose-costs
28. Unlocking Value with BNY's Enterprise AI Platform — BNY, Oct 20, 2025. https://www.bny.com/corporate/global/en/insights/unlocking-potential-enterprise-ai-platform-bny.html
29. BNY, America's Oldest Bank, Signs Multiyear Deal With OpenAI — The Wall Street Journal, Feb 26, 2025. https://www.wsj.com/articles/bny-americas-oldest-bank-signs-multiyear-deal-with-openai-74987d1d
30. BNY looks to Google Cloud for agentic AI push — Banking Dive, Dec 9, 2025. https://www.bankingdive.com/news/bny-google-cloud-agentic-AI-robin-vince/807390/
31. BNY moves quickly to adopt AI solutions, platforms — American Banker, Oct 16, 2025. https://www.americanbanker.com/news/bny-tops-estimates-reports-revenue-upswing
32. How JPMorganChase democratized employee access to gen AI — American Banker, May 22, 2025. https://www.americanbanker.com/news/how-jpmorganchase-democratized-employee-access-to-gen-ai
33. Driving AI Use Cases and Adoption (Women in Banking 2025 session) — American Banker, Oct 21, 2025. https://www.americanbanker.com/video/wib-2025/driving-ai-use-cases-and-adoption-aligning-business-value-data-readiness-and-risk-management
34. Meet Charley, Schwab's New AI-Powered Assistant Designed to Help Clients Get Answers and Take Action — Charles Schwab, Sep 30, 2026. https://pressroom.aboutschwab.com/press-releases/press-release/2026/Meet-Charley-Schwabs-New-AI-Powered-Assistant-Designed-to-Help-Clients-Get-Answers-and-Take-Action/default.aspx
35. Charles Schwab Launches AI-Powered Capability That Helps Investors Understand Portfolio Performance and Market Activity — Charles Schwab, May 5, 2026. https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Launches-AI-Powered-Capability-That-Helps-Investors-Understand-Portfolio-Performance-and-Market-Activity/default.aspx
36. AI on the other end of the line (but you're not talking to a computer) — Charles Schwab, Feb 5, 2025. https://www.aboutschwab.com/mss/story/ai-on-the-other-end-of-the-line
37. Schwab Study Reveals RIA AI Adoption More Than Doubles - But Most Firms Still in Early Stages — Charles Schwab, Jan 22, 2026. https://pressroom.aboutschwab.com/press-releases/press-release/2026/Schwab-Study-Reveals-RIA-AI-Adoption-More-Than-Doubles---But-Most-Firms-Still-in-Early-Stages/default.aspx
38. Charles Schwab banking unit CEO to retire — Banking Dive, Jan 30, 2026. https://bankingdive.com/news/charles-schwab-bank-ceo-paul-woolway-retire-tyler-woulfe/811079
39. Goldman Sachs staff now write a million gen AI prompts a month — American Banker, Jul 25, 2025. https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month
40. Marco Argenti gives Goldman Sachs coders an AI helper — American Banker, Jun 1, 2026. https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance
41. Fourth Quarter 2025 Presentation Materials — Northern Trust, Jan 22, 2026. https://northerntrust.com/content/dam/northerntrust/pws/nt/documents/earnings/2025/4q-2025-km040886-presentation.pdf
42. How Does Natural Language Processing Work? The Key Questions to Ask — Northern Trust Asset Management, Mar 1, 2026. https://ntam.northerntrust.com/united-states/all-investor/insights/investment-perspective-and-commentary/2026/how-does-natural-language-processing-work
43. The Most Powerful Women in Finance, No. 19, Ann Fogarty, State Street — American Banker, Oct 1, 2025. https://www.americanbanker.com/news/2025-the-most-powerful-women-in-finance-no-19-ann-fogarty-state-street
44. State Street (STT) Q1 2026 Earnings Transcript — Motley Fool (Yahoo Finance), Apr 17, 2026. https://finance.yahoo.com/markets/stocks/articles/state-street-stt-q1-2026-165824761.html
45. State Street second-quarter 2026 earnings presentation and medium-term targets (Form 8-K, Exhibit 99.3) — State Street (SEC filing), Jul 16, 2026. https://www.sec.gov/Archives/edgar/data/93751/000009375126000387/stt2q26earningspresentat.htm
46. Innovation and AI at UBS (undated page, retrieved 2026-10-13) — UBS, Oct 13, 2026. https://www.ubs.com/global/en/our-firm/what-we-do/technology/innovation-and-ai.html
47. UBS appoints Chief AI Officer to drive its AI strategy — UBS, Oct 16, 2025. https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html
48. The UBS AI Advantage (financial advisor experience) — UBS, Jan 9, 2026. https://ubs.com/us/en/wealth-management/financial-advisor-experience/articles/ai-for-financial-advisors.html
49. Morgan Stanley Wins Three 2024 Technology Awards — Morgan Stanley, Dec 1, 2024. https://www.morganstanley.com/press-releases/morgan-stanley-wins-three-2024-technology-awards
50. Northern Trust CEO dismisses reports of takeover talks — Banking Dive, Jul 24, 2025. https://www.bankingdive.com/news/northern-trust-ceo-dismisses-bny-goldman-sachs-takeover-reports-ogrady-warren-vince/753953/
51. Northern Trust joins banks lifted by IPOs, capital markets — American Banker, Jul 22, 2026. https://www.americanbanker.com/news/northern-trust-joins-banks-lifted-by-ipos-capital-markets
52. US 11,869,015 B1: Computing technologies for benchmarking (Northern Trust Corporation) — Google Patents (USPTO), Jan 9, 2024. https://patents.google.com/patent/US11869015B1/en
53. OpenAI Names BNY, Nubank CEOs to Board Ahead of IPO — Bloomberg, Jul 21, 2026. https://www.bloomberg.com/news/articles/2026-07-21/openai-names-bny-nubank-ceos-to-board-ahead-of-ipo
54. BNY's Robin Vince stays big on AI — Banking Dive, Oct 29, 2025. https://www.bankingdive.com/news/bnys-robin-vince-stays-big-on-ai/804139/
55. EP 4758506 A1: Translating a first coding language into a second coding language — Google Patents (EPO), Jun 17, 2026. https://patents.google.com/patent/EP4758506A1/en
56. State Street touts selection by Treasury, $1B cost-cut plan — American Banker, Jul 16, 2026. https://www.americanbanker.com/news/state-street-touts-selection-by-treasury-1b-cost-cut-plan
57. State Street's profit rises on robust fee income — Reuters, Apr 17, 2026. https://www.reuters.com/business/finance/state-streets-profit-rises-robust-fee-income-2026-04-17/
58. Exhibit 99.1: Third-Quarter 2026 Earnings News Release (Form 8-K) — State Street (SEC filing), Oct 14, 2026. https://www.sec.gov/Archives/edgar/data/93751/000009375126000592/a3q26earningspressrelease.htm
59. US11693917B2: Computational model optimizations — Google Patents (USPTO), Jul 4, 2023. https://patents.google.com/patent/US11693917B2/en
60. Lori Beer is turning JPMorganChase into an AI-native bank, and she's got $20 billion to do it — American Banker, Jun 1, 2026. https://www.americanbanker.com/news/chases-lori-beer-is-8-on-the-most-innovative-people-in-finance-ranking
61. The Most Powerful Women in Banking, #5, Lori Beer, JPMorganChase — American Banker, Oct 1, 2026. https://www.americanbanker.com/news/2026-the-most-powerful-women-in-banking-5-lori-beer-jpmorganchase
62. US20260010713A1 - Generative machine learning framework generating predictive results — Google Patents (USPTO), Jan 8, 2026. https://patents.google.com/patent/US20260010713A1/en
63. Citigroup says AI helps speed account openings and systems upgrades — Reuters, Apr 8, 2026. https://www.reuters.com/business/finance/citigroup-says-ai-helps-speed-account-openings-systems-upgrades-2026-04-08/
64. US12450494B1 - Validating autonomous artificial intelligence (AI) agents using generative AI — Google Patents (USPTO), Oct 21, 2025. https://patents.google.com/patent/US12450494B1/en
65. Schwab Plans to Use AI to Reach, Serve Less-Affluent Customers — Bloomberg, May 13, 2026. https://bloomberg.com/news/articles/2026-05-13/schwab-plans-to-use-ai-to-reach-serve-less-affluent-customers
66. Charles Schwab CEO Says AI Is Poised to Boost Wealth Managers — Bloomberg, Feb 11, 2026. https://bloomberg.com/news/articles/2026-02-11/charles-schwab-ceo-says-ai-is-poised-to-boost-wealth-managers
67. US 2025/0077917 A1: Systems and methods for iterative generation and plotting of machine learning outcomes on a user interface (Charles Schwab & Co.) — Google Patents (USPTO), Nov 20, 2024. https://patents.google.com/patent/US20250077917A1/en
68. Morgan Stanley's Tech Chief Used AI to Crack a Major Coding Problem — American Banker, Jun 1, 2026. https://www.americanbanker.com/news/morgan-stanleys-michael-pizzi-is-27-on-the-most-innovative-people-in-finance-ranking
69. US 2026/0051336 A1: System and method to enhance audio and video media using generative artificial intelligence (Morgan Stanley Services Group) — Google Patents (USPTO), Feb 19, 2026. https://patents.google.com/patent/US20260051336A1/en
70. Goldman Sachs taps Anthropic's Claude to automate accounting, compliance roles — CNBC, Feb 6, 2026. https://www.cnbc.com/2026/02/06/anthropic-goldman-sachs-ai-model-accounting.html
71. US20260072655A1: Context injection for artificial intelligence (AI) coding assistants — Google Patents (USPTO), Mar 12, 2026. https://patents.google.com/patent/US20260072655A1/en
72. UBS deploys AI programs to unlock efficiency — Banking Dive, Feb 6, 2026. https://bankingdive.com/news/ubs-deploys-ai-programs-unlock-efficiency-ermotti-magazzeni-credit-suisse/811572
73. US11429879B2: Methods and systems for identifying dynamic thematic relationships as a function of time — Google Patents (USPTO), Aug 30, 2022. https://patents.google.com/patent/US11429879B2/en
74. Earnings call transcript: Goldman Sachs tops Q3 2026 estimates as revenue rises — Investing.com, Oct 13, 2026. https://investing.com/news/transcripts/earnings-call-transcript-goldman-sachs-tops-q3-2026-estimates-as-revenue-rises-93CH-4947164
75. Goldman's Solomon wants 'clear human accountability' on AI — American Banker, Oct 13, 2026. https://americanbanker.com/news/goldmans-solomon-wants-clear-human-accountability-on-ai
76. JPMorgan Chase blocks outside AI agents like Muse, Instinct from directly accessing accounts — CNBC, Oct 13, 2026. https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html
77. JPMorgan CEO Dimon warns customers of 'liability transfer' with AI — Banking Dive, Oct 13, 2026. https://www.bankingdive.com/news/jpmorgan-dimon-ai-agents-bank-customers-liability-transfer/832870
78. JPMorgan warns of risks to consumers who rely on AI agents — American Banker, Oct 13, 2026. https://www.americanbanker.com/news/jpmorgan-warns-of-risks-to-consumers-who-rely-on-ai-agents
79. Young Bankers to Manage AI Agents From Start, Goldman Exec Says — Bloomberg, Oct 8, 2026. https://bloomberg.com/news/articles/2026-10-08/young-bankers-to-manage-ai-agents-from-start-goldman-exec-says
80. Charles Schwab's Amy Ruegg: AI Can Make Investing Easier, but Human Expertise Remains Key — Traders Magazine, Oct 8, 2026. https://www.tradersmagazine.com/featured_articles/charles-schwabs-amy-ruegg-ai-can-make-investing-easier-but-human-expertise-remains-key/
81. JPMorganChase still tops AI ranking as big-bank lead widens — American Banker, Oct 6, 2026. https://www.americanbanker.com/news/jpmorganchase-still-tops-ai-ranking-as-big-bank-lead-widens
82. The Most Powerful Women in Banking Women to Watch, #7, Debopama Sen, Citi — American Banker, Oct 1, 2026. https://americanbanker.com/news/2026-the-most-powerful-women-in-banking-women-to-watch-7-debopama-sen-citi
83. The Most Powerful Women in Finance, #19, Ann Fogarty, State Street — American Banker, Oct 1, 2026. https://www.americanbanker.com/news/2026-the-most-powerful-women-in-finance-19-ann-fogarty-state-street
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