Who is Ranil Boteju and where is he moving?

Ranil Boteju is a data and analytics executive moving from Lloyds Bank to Commonwealth Bank of Australia.

What AI projects did Ranil Boteju lead at Lloyds Bank?

Boteju led over 50 generative AI projects at Lloyds Bank before his departure.

How is Commonwealth Bank of Australia using AI?

CommBank uses AI for tasks like code reviews, fraud detection, and transaction dispute handling.

Home / Business and Economy / Lloyds Bank Exec Jumps to CommBank for AI Push

Lloyds Bank Exec Jumps to CommBank for AI Push

3 Dec

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Summary

Ranil Boteju departs Lloyds Bank for Commonwealth Bank of Australia.
Boteju led over 50 generative AI projects at Lloyds Bank.
CommBank partners with OpenAI to expand AI use cases.

Lloyds Bank Exec Jumps to CommBank for AI Push

Commonwealth Bank of Australia has appointed Ranil Boteju, former group chief data and analytics officer at Lloyds Bank, to a key leadership role. Boteju, who previously held positions at CommBank, will join the Australian bank early next year to drive its AI strategy.

During his tenure at Lloyds Bank, Boteju was instrumental in launching over 50 generative AI projects and managed a substantial team of over 2,000 employees. His move to CommBank, which recently migrated its data platform to AWS and formed a partnership with OpenAI, underscores the bank's commitment to enhancing its AI capabilities.

CommBank is actively leveraging AI for various functions, including accelerating code reviews and improving fraud detection. These initiatives have already yielded significant improvements in IT operations, reducing critical incidents by 30% and enhancing recovery times by 25%. The bank is recognized as a leader in AI adoption within the global financial sector.

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