Sarthak Pattanaik, CFA

Sarthak Pattanaik is a senior engineering leader at BNY Mellon, holding multiple significant roles within the organization:

Current Positions

• Head of the Artificial Intelligence Hub
• Head of Engineering for Digital Assets, Treasury, Clearance & Collateral

Background and Expertise

Pattanaik is a Certified Financial Analyst (CFA), having obtained his certification from the CFA Institute in June 2005.3 His expertise spans both finance and technology, making him well-suited for his leadership roles in AI and engineering within the banking sector.

Contributions to BNY Mellon

AI Innovation: Pattanaik plays a crucial role in BNY Mellon's AI initiatives. He leads the development of Eliza, the bank's proprietary AI tool named after Alexander Hamilton's wife.1 Eliza is designed to create an "army of disposable assistants" that could potentially save billions in labor costs for the bank.

AI Hub Leadership: As the Head of the AI Hub, Pattanaik is responsible for centralizing and streamlining BNY's AI projects. This initiative aims to improve efficiency and reduce development times, which previously could take up to 18 months.1

Digital Transformation: In his role overseeing engineering for digital assets and other key areas, Pattanaik is likely instrumental in BNY Mellon's efforts to modernize its technological infrastructure and services.

Views on AI in Banking

Pattanaik believes that AI will significantly impact the banking sector, particularly in:

1. Enhancing customer experience and enabling hyper-personalization
2. Improving operational efficiency through process automation
3. Managing risk, including fraud detection and cybersecurity
4. Improving employee experience2

He emphasizes that AI adoption in banking is not about layoffs, but rather about upskilling and reskilling employees to focus on higher-value tasks.2

Professional Engagements

Pattanaik is active in the fintech community, participating in industry events such as Money20/20 US as a speaker.4 He also supports the growing AI Hub team in Pittsburgh5, indicating his involvement in talent development and expansion of BNY Mellon's AI capabilities.

Sarthak Pattanaik's multifaceted role at BNY Mellon positions him at the forefront of AI integration in the banking sector, driving innovation and digital transformation within one of the world's largest custodian banks.