# USAA Federal Savings Bank: AI strategy

Source: https://www.bankingnewsai.com/banks/usaa
Last updated: Oct 5, 2026

*A member-owned military financial group whose AI record is mostly about the parent: hundreds of deployed AI solutions, an enterprise gen-AI programme run by a chief data, analytics and AI officer, and a 'unplug the keyboard' goal for member service, with the bank a branch of that effort.*

## How is USAA Bank using AI?

USAA Federal Savings Bank, the banking arm of the USAA reciprocal insurer, reported US$106,188 million of total assets on its FDIC call report for 30 June 2026, and is not in the Federal Reserve's commercial-bank ranking because it is a federal savings association regulated by the OCC. USAA's AI programme is run at group level: its chief data, analytics and AI officer, Ramnik Bajaj, has said USAA already had hundreds of AI solutions in use and is focused on generative AI for member service, with a goal to 'unplug the keyboard' so call-centre AI does the typing; a 2024 MIT Sloan Management Review profile reports a generative-AI pair-programmer for engineers, a service-representative co-pilot under lab assessment and an AI Aware course for all 38,000 employees. USAA's own AI page says the bank uses AI to automate processes, enhance member service and detect and prevent some fraud, and its 2025 annual report to members reports a Fast Track AI system on track to waive 45% of life-insurance medical exams and more than 240 AI-space patents among more than 3,000 issued. USAA names Dan Griffiths as chief information officer from February 2026.

## At a glance

| Field | Value |
| --- | --- |
| Lead bank | USAA Federal Savings Bank |
| Ticker | private (USAA) |
| Headquarters | San Antonio, TX |
| Consolidated assets | $106,188 million (Jun 30, 2026) |
| Federal Reserve rank | n/a (not in the Fed commercial-bank release) |
| Charter | Federally chartered savings association (OCC primary regulator; also FDIC- and CFPB-regulated); owned by United Services Automobile Association, a Texas reciprocal inter-insurance exchange supervised by the Federal Reserve |

## Key points

- Group programme, bank footprint: USAA's AI page lists marketing, insurance sales and service, claims, underwriting and pricing, and banking services; for the bank it says AI is used 'to automate processes, enhance member service and improve our ability to detect and prevent some types of fraud'.
- Leadership: Ramnik Bajaj, senior vice president and chief data, analytics and AI officer, oversees AI; Dan Griffiths became chief information officer in February 2026, replacing Amala Duggirala (now at Delta Air Lines); Michael Moran is president of USAA Federal Savings Bank.
- Member-service AI: generative-AI tools built with Google's Vertex AI transcribe calls and suggest actions for customer-relationship staff, with a stated goal of 'unplug the keyboard' so the representative is a human 'empathizing, being there with our members'; a 2026 AI phone-routing system that understands conversational speech is planned.
- Scale and governance: hundreds of AI solutions already deployed before gen AI (Sloan, 2024); an intake process evaluates each use case against four value dimensions before funding (Bajaj, May 2025); AI Aware training for all 38,000 employees; a hackathon sent about 55 ideas to controlled testing (CIO, August 2024).
- Vendors named in coverage: Google (Vertex AI), IBM (watsonx and Granite models for extracting structured elements from claims and underwriting documents, in pilots as of May 2025).
- Outside rankings: Evident's inaugural insurer AI benchmark ranked USAA third of 30 insurers (reported February 2026); in the 2026 edition USAA fell from talent leader to fourth on the talent pillar, top in talent capability but 27th in talent development (Insurance Journal, July 2026).
- Group results quoted in the 2025 annual report: Fast Track AI on track to waive 45% of life-insurance medical exams against a 2026 goal of 40%; more than 3,000 issued patents, more than 240 of them in AI; nearly 8 billion cyberthreats blocked in 2025.
- Charter note: USAA Federal Savings Bank is a federal savings association (OCC primary regulator) and so is not in the Federal Reserve's Large Commercial Banks release; its assets here come from the FDIC call-report data for the quarter ended 30 June 2026.

## Timeline

- Jul 13, 2026 — **Evident's 2026 insurer index: talent rank slips** Insurance Journal reports USAA, last year's talent leader, fell to fourth on the talent pillar, remaining top in talent capability but ranking 27th in talent development. ([Insurance Journal](https://insurancejournal.com/news/national/2026/07/13/877181.htm))
- Jul 10, 2026 — **2025 annual report to members describes AI results** Fast Track AI waiving life-insurance medical exams (45% on track against a 40% goal), machine learning speeding underwriting, planned 2026 AI phone routing, more than 240 AI-space patents and nearly 8 billion cyberthreats blocked. ([USAA](https://static.usaa.com/content/dam/digital/documents/pdf/brand/2025-annual-report-to-members.pdf))
- Feb 6, 2026 — **New CIO; Evident ranking cited** Dan Griffiths, formerly Santander's CIO, replaces Amala Duggirala; Banking Dive notes Evident ranked USAA the third most AI-mature of 30 large insurers in its inaugural benchmark and ahead of rivals on AI talent density. ([Banking Dive](https://bankingdive.com/news/usaa-cio-dan-griffiths-santander-tech/811565))
- May 27, 2025 — **IBM watsonx and Granite pilots; use-case intake process** Bajaj tells SiliconANGLE that every proposed use case is evaluated against four value dimensions, and that pilots with IBM's watsonx and Granite models extract structured elements from claims and underwriting documents. ([SiliconANGLE](https://siliconangle.com/2025/05/27/policy-platform-usaa-building-gen-ai-ibm-ibmthink))
- Apr 18, 2025 — **'Unplug the keyboard': gen AI for member-service teams** At Google Cloud Next, Bajaj says tools built with Google's Vertex AI transcribe calls and suggest action items for staff while they answer member queries. ([Bank Automation News](https://bankautomationnews.com/banking/usaa-aims-to-unplug-the-keyboard-with-gen-ai))
- Oct 23, 2024 — **MIT Sloan Management Review profiles USAA's gen-AI programme** Hundreds of AI solutions already deployed; a gen-AI pair-programmer rolled out to engineers and analysts; a service-representative co-pilot to be assessed in a lab before broad rollout; an AI Aware course for all 38,000 employees; internally facing tools first. ([MIT Sloan Management Review](https://sloanreview.mit.edu/article/how-genai-helps-usaa-innovate))
- Aug 14, 2024 — **CIO plans AI training for 37,000 employees** Amala Duggirala describes governance and risk management first, then senior-leader training, then role-specific courses; a record-turnout hackathon moves about 55 use-case ideas into a controlled testing environment. ([CNBC](https://www.cnbc.com/2024/08/14/what-it-really-takes-to-train-an-entire-workforce-on-gen-ai.html))

## Where AI runs

| Use case | What | Status | Detail | Sources |
| --- | --- | --- | --- | --- |
| [Customer-facing chatbots](https://www.bankingnewsai.com/ai-regulation/by-use-case#customer-chatbots) | Gen-AI support for member-service staff | Rolling out | A service-representative co-pilot for finding answers and summarising interactions (assessed in a lab before broad rollout in 2024) and Vertex AI tools that transcribe calls and suggest next actions. | [MIT Sloan Management Review](https://sloanreview.mit.edu/article/how-genai-helps-usaa-innovate), [Bank Automation News](https://bankautomationnews.com/banking/usaa-aims-to-unplug-the-keyboard-with-gen-ai) |
| [Customer-facing chatbots](https://www.bankingnewsai.com/ai-regulation/by-use-case#customer-chatbots) | AI phone routing that understands conversational speech | Announced | Planned for 2026 to connect members with the right service option quickly and accurately. | [USAA](https://static.usaa.com/content/dam/digital/documents/pdf/brand/2025-annual-report-to-members.pdf) |
| [Fraud detection](https://www.bankingnewsai.com/ai-regulation/by-use-case#fraud) | AI to detect and prevent some types of fraud at the bank | In production | USAA's AI page says the bank uses AI to automate processes, enhance member service and detect and prevent some types of fraud; AI-powered fraud detection is also cited for claims. | [USAA](https://www.usaa.com/about/artificial-intelligence/), [MIT Sloan Management Review](https://sloanreview.mit.edu/article/how-genai-helps-usaa-innovate) |
| [AI-generated code & coding agents](https://www.bankingnewsai.com/ai-regulation/by-use-case#ai-generated-code) | Gen-AI pair-programmer for engineers | In production | Rolled out to software and data engineers, data scientists and analysts for code generation, documentation and test-data generation. | [MIT Sloan Management Review](https://sloanreview.mit.edu/article/how-genai-helps-usaa-innovate) |
| [Third-party & vendor AI](https://www.bankingnewsai.com/ai-regulation/by-use-case#third-party-vendors) | IBM watsonx and Granite for document extraction | Pilot | Pilots extracting structured elements such as entities and options from claims and underwriting documents. | [SiliconANGLE](https://siliconangle.com/2025/05/27/policy-platform-usaa-building-gen-ai-ibm-ibmthink) |
| [AI governance (general)](https://www.bankingnewsai.com/ai-regulation/by-use-case#governance-general) | Use-case intake, governance review and AI Aware training | In production | Each use case is evaluated for value before funding, governance analysis precedes training, and the AI Aware course reaches all employees. | [SiliconANGLE](https://siliconangle.com/2025/05/27/policy-platform-usaa-building-gen-ai-ibm-ibmthink), [CNBC](https://www.cnbc.com/2024/08/14/what-it-really-takes-to-train-an-entire-workforce-on-gen-ai.html), [MIT Sloan Management Review](https://sloanreview.mit.edu/article/how-genai-helps-usaa-innovate) |

## Disclosed numbers

| Measure | Value | As of | Sources |
| --- | --- | --- | --- |
| Total assets (USAA Federal Savings Bank) | $106,188 million | Jun 30, 2026 | [Federal Deposit Insurance Corporation](https://api.fdic.gov/banks/financials?filters=CERT%3A32188&fields=CERT%2CREPDTE%2CASSET%2CDEP%2CNETINC&sort_by=REPDTE&sort_order=DESC&limit=6) |
| Total deposits (USAA Federal Savings Bank) | $91,971 million | Jun 30, 2026 | [Federal Deposit Insurance Corporation](https://api.fdic.gov/banks/financials?filters=CERT%3A32188&fields=CERT%2CREPDTE%2CASSET%2CDEP%2CNETINC&sort_by=REPDTE&sort_order=DESC&limit=6) |
| Federal regulators of the bank | OCC (primary), FDIC and CFPB; parent USAA supervised by the Federal Reserve | Mar 31, 2026 | [USAA Federal Savings Bank](https://static.usaa.com/content/dam/digital/documents/pdf/bank/bk-pillar3-regulatory-capital-disclosures-q1-2026.pdf) |
| Employees on the AI Aware course | All 38,000 | Oct 23, 2024 | [MIT Sloan Management Review](https://sloanreview.mit.edu/article/how-genai-helps-usaa-innovate) |
| Use-case ideas moved to controlled testing after a hackathon | About 55 | Aug 14, 2024 | [CNBC](https://www.cnbc.com/2024/08/14/what-it-really-takes-to-train-an-entire-workforce-on-gen-ai.html) |
| Life-insurance medical exams waived by Fast Track AI | On track for 45% (2026 goal 40%) | Jul 10, 2026 | [USAA](https://static.usaa.com/content/dam/digital/documents/pdf/brand/2025-annual-report-to-members.pdf) |
| Issued patents / of which AI-space | More than 3,000 / more than 240 | Jul 10, 2026 | [USAA](https://static.usaa.com/content/dam/digital/documents/pdf/brand/2025-annual-report-to-members.pdf) |
| Cyberthreats blocked | Nearly 8 billion | Dec 31, 2025 | [USAA](https://static.usaa.com/content/dam/digital/documents/pdf/brand/2025-annual-report-to-members.pdf) |
| Evident insurer AI benchmark, inaugural edition | Third of 30 insurers | Feb 6, 2026 | [Banking Dive](https://bankingdive.com/news/usaa-cio-dan-griffiths-santander-tech/811565) |

## Quotes

> "There will come a time when you won’t have to file a claim" — Ramnik Bajaj, Senior Vice President, Chief Data, Analytics and AI Officer, May 27, 2025 ([SiliconANGLE](https://siliconangle.com/2025/05/27/policy-platform-usaa-building-gen-ai-ibm-ibmthink))

> "So, the customer service rep doesn’t have a keyboard, the AI is listening and doing everything that needs to be done, while our customer service rep is there as a human being on the other end of the phone, empathizing, being there with our members." — Ramnik Bajaj, Senior Vice President and Chief Data and Analytics Officer, Apr 18, 2025 ([Bank Automation News](https://bankautomationnews.com/banking/usaa-aims-to-unplug-the-keyboard-with-gen-ai))

> "We will be further behind if we don't think about it in a responsible way." — Amala Duggirala, Chief Information Officer, Aug 14, 2024 ([CNBC](https://www.cnbc.com/2024/08/14/what-it-really-takes-to-train-an-entire-workforce-on-gen-ai.html))

## Who runs AI

- **Juan C. Andrade** — President and Chief Executive Officer, USAA ([USAA](https://mobile.usaa.com/inet/wc/about_usaa_corporate_governance_executive_council))
- **Ramnik Bajaj** — Senior Vice President, Chief Data, Analytics and AI Officer ([SiliconANGLE](https://siliconangle.com/2025/05/27/policy-platform-usaa-building-gen-ai-ibm-ibmthink), [MIT Sloan Management Review](https://sloanreview.mit.edu/article/how-genai-helps-usaa-innovate), [Bank Automation News](https://bankautomationnews.com/banking/usaa-aims-to-unplug-the-keyboard-with-gen-ai))
- **Dan Griffiths** — Executive Vice President and Chief Information Officer (from February 2026; previously CIO of Santander) ([Banking Dive](https://bankingdive.com/news/usaa-cio-dan-griffiths-santander-tech/811565), [USAA](https://mobile.usaa.com/inet/wc/about_usaa_corporate_governance_executive_council))
- **Michael Moran** — President, USAA Federal Savings Bank ([USAA](https://mobile.usaa.com/inet/wc/about_usaa_corporate_governance_executive_council))
- **Brian Goldman** — Executive Vice President and Chief Risk Officer ([USAA](https://mobile.usaa.com/inet/wc/about_usaa_corporate_governance_executive_council))
- **Amala Duggirala** — Former Chief Information Officer (left in early 2026 to become chief digital and technology officer at Delta Air Lines) ([Banking Dive](https://bankingdive.com/news/usaa-cio-dan-griffiths-santander-tech/811565), [CNBC](https://www.cnbc.com/2024/08/14/what-it-really-takes-to-train-an-entire-workforce-on-gen-ai.html), [MIT Sloan Management Review](https://sloanreview.mit.edu/article/how-genai-helps-usaa-innovate))

## Regulators it answers to

- [OCC](https://www.bankingnewsai.com/ai-regulation/occ) — USAA Federal Savings Bank is a federally chartered savings association whose primary federal regulator is the OCC, so the revised model-risk guidance applies to its fraud and service models. See [OCC Bulletin 2026-13](https://www.bankingnewsai.com/ai-regulation/documents/occ-bulletin-2026-13).
- [FDIC](https://www.bankingnewsai.com/ai-regulation/fdic) — The bank is FDIC-insured and FDIC-regulated alongside the OCC; the interagency third-party and model-risk guidance covers its Google and IBM relationships. See [FDIC FIL-29-2023](https://www.bankingnewsai.com/ai-regulation/documents/fdic-fil-29-2023), [FDIC FIL-15-2026](https://www.bankingnewsai.com/ai-regulation/documents/fdic-fil-15-2026).
- [Federal Reserve](https://www.bankingnewsai.com/ai-regulation/federal-reserve) — USAA, the reciprocal exchange that owns the bank, is subject to Federal Reserve supervision, which extends third-party risk expectations to group AI platforms. See [SR 23-4](https://www.bankingnewsai.com/ai-regulation/documents/fed-sr-23-4), [SR 26-2](https://www.bankingnewsai.com/ai-regulation/documents/fed-sr-26-2).
- [CFPB](https://www.bankingnewsai.com/ai-regulation/cfpb) — A consumer bank with credit cards, loans and deposits: member-service chatbots and AI-assisted routing fall within the CFPB's chatbot guidance and adverse-action duties. See [CFPB Chatbots in Consumer Finance (issue spotlight, 2023)](https://www.bankingnewsai.com/ai-regulation/documents/cfpb-chatbots-in-consumer-finance-2023), [ECOA / Regulation B adverse action (15 U.S.C. 1691(d); 12 CFR 1002.9)](https://www.bankingnewsai.com/ai-regulation/documents/cfpb-ecoa-regulation-b-adverse-action).
- [NY DFS](https://www.bankingnewsai.com/ai-regulation/ny-dfs) — USAA's AI page lists AI in insurance underwriting and pricing; state insurance AI rules such as New York's Circular Letter No. 7 (2024) govern that group activity. See [Insurance Circular Letter No. 7 (2024)](https://www.bankingnewsai.com/ai-regulation/documents/ny-dfs-insurance-circular-letter-2024-07).
- [Colorado AI Act](https://www.bankingnewsai.com/ai-regulation/colorado-ai-act) — Consequential decisions in insurance and lending by an insurer-bank group fall in the scope of Colorado's AI Act as amended. See [SB 24-205](https://www.bankingnewsai.com/ai-regulation/documents/co-sb24-205).

## What the record suggests

### The bank is a user of group AI, not its owner

Almost every named platform, leader and result sits at USAA level. Bank-specific disclosure is one sentence on USAA's AI page, so claims about 'USAA Bank AI' are best read as claims about a shared enterprise programme.

### Gen AI is being aimed at the call centre first

The 'unplug the keyboard' goal and the planned AI phone-routing system point to servicing cost and member experience as the first measurable gain. Whether a bank-only metric is ever published is the open question.

### A change of CIO is a checkpoint

The architect of the 2024 training and hackathon programme left for Delta in early 2026; Griffiths' public remit is security, digital journeys and modernisation. Continuity will show in whether the AI Aware and intake-governance model persists.

### Rankings cut both ways

A top-three insurer ranking and the highest talent-capability score sit beside 27th place for talent development. Evident's own pillars suggest strong hiring and thinner internal upskilling as of July 2026.

## FAQ

### Who leads AI at USAA?

Ramnik Bajaj, senior vice president and chief data, analytics and AI officer, oversees USAA's AI and data work. Dan Griffiths became chief information officer in February 2026 and USAA CEO Juan Andrade leads the company; Michael Moran is president of USAA Federal Savings Bank.

### How does USAA Federal Savings Bank use AI?

USAA says its bank uses AI to automate processes, enhance member service and improve its ability to detect and prevent some types of fraud. Member-service staff also use generative-AI tools that transcribe calls and suggest actions, and USAA plans an AI phone-routing system in 2026.

### Why is USAA not in the Federal Reserve's list of largest banks?

USAA Federal Savings Bank is a federal savings association regulated by the OCC, and the Federal Reserve's Large Commercial Banks release covers commercial banks. This page uses the bank's FDIC call-report total assets of $106,188 million at 30 June 2026.

### Does USAA publish how many AI systems it runs?

USAA's chief data and analytics officer said in 2024 that the company had hundreds of deployed AI solutions, and its 2025 annual report to members counts more than 240 AI-space patents. It does not break out a bank-only AI count.

## Sources (11)

1. USAA Federal Savings Bank (FDIC Certificate 32188): Reports of Condition and Income, quarter ended June 30, 2026 (FDIC BankFind API data, index of 2026-08-19; retrieved 2026-10-05) — Federal Deposit Insurance Corporation, Aug 19, 2026. https://api.fdic.gov/banks/financials?filters=CERT%3A32188&fields=CERT%2CREPDTE%2CASSET%2CDEP%2CNETINC&sort_by=REPDTE&sort_order=DESC&limit=6
2. USAA Annual Report to Members 2025 — USAA, Jul 10, 2026. https://static.usaa.com/content/dam/digital/documents/pdf/brand/2025-annual-report-to-members.pdf
3. Q1 2026 Pillar 3 Capital Disclosures — USAA Federal Savings Bank, May 8, 2026. https://static.usaa.com/content/dam/digital/documents/pdf/bank/bk-pillar3-regulatory-capital-disclosures-q1-2026.pdf
4. Responsible Use of Artificial Intelligence (undated page, retrieved 2026-10-05) — USAA, Oct 5, 2026. https://www.usaa.com/about/artificial-intelligence/
5. USAA Executive Leadership Team (undated page, retrieved 2026-10-05) — USAA, Oct 5, 2026. https://mobile.usaa.com/inet/wc/about_usaa_corporate_governance_executive_council
6. USAA hires Santander tech chief as next CIO — Banking Dive, Feb 6, 2026. https://bankingdive.com/news/usaa-cio-dan-griffiths-santander-tech/811565
7. How GenAI Helps USAA Innovate — MIT Sloan Management Review, Oct 23, 2024. https://sloanreview.mit.edu/article/how-genai-helps-usaa-innovate
8. What it really takes to train an entire workforce on gen AI — CNBC, Aug 14, 2024. https://www.cnbc.com/2024/08/14/what-it-really-takes-to-train-an-entire-workforce-on-gen-ai.html
9. How USAA is building gen AI at scale with IBM — SiliconANGLE, May 27, 2025. https://siliconangle.com/2025/05/27/policy-platform-usaa-building-gen-ai-ibm-ibmthink
10. USAA aims to ‘unplug the keyboard’ with gen AI — Bank Automation News, Apr 18, 2025. https://bankautomationnews.com/banking/usaa-aims-to-unplug-the-keyboard-with-gen-ai
11. Ranking: Who Are the Insurance Industry’s AI Talent, Maturity Leaders? — Insurance Journal, Jul 13, 2026. https://insurancejournal.com/news/national/2026/07/13/877181.htm

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