{"id":1012,"date":"2026-07-28T12:21:14","date_gmt":"2026-07-28T12:21:14","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=1012"},"modified":"2026-07-28T12:21:14","modified_gmt":"2026-07-28T12:21:14","slug":"bny-skipped-the-tokenmaxxing-craze-heres-what-ai-metrics-it-tracks-instead","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=1012","title":{"rendered":"BNY skipped the ‘tokenmaxxing’ craze. Here’s what AI metrics it tracks instead"},"content":{"rendered":"

<\/p>\n

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Good morning. Tokenmaxxing quickly became one of the buzziest metrics in enterprise AI.<\/p>\n

Fortune\u2019s<\/em> Jeremy Kahn reported that \u201ctokenmaxxing\u201d turned into a status symbol at some big tech companies,\u00a0where engineers were urged to climb leaderboards by burning more AI tokens. Critics argue that the practice skewed incentives and exposed a broader gap between AI spending and actual productivity gains.<\/p>\n

I recently spoke with Dermot McDonogh, the CFO of BNY, which is making major strides with AI. While some companies track success by the volume of prompts, tokens, or agents deployed, McDonogh said that framing never took hold inside BNY.<\/p>\n

\u201cIt\u2019s not something we spend any time talking about,\u201d he told me, noting that token costs are \u201cmodest within modest\u201d relative to the firm\u2019s broader engineering budget. Even as the topic gained traction externally, the bank\u2019s leadership prepared to address it\u2014but ultimately viewed it as a distraction from more meaningful measures of value.<\/p>\n

McDonogh said that BNY had an early and deliberate AI strategy. Since the emergence of ChatGPT, the bank has spent several years building an internal, LLM-agnostic platform and forging partnerships across hyperscalers and model providers. Just as important, he said, has been CEO-level commitment and a focus on cultural adoption.<\/p>\n

\u201cThere\u2019s been a demystification,\u201d McDonogh said. \u201cPeople don\u2019t feel insecure about AI. That\u2019s a really important cultural point.\u201d<\/p>\n

That approach has allowed BNY to scale AI without fixating on cost per query. Internally, systems route tasks to the appropriate models, ensuring efficiency without requiring employees to optimize prompts manually. \u201cI couldn\u2019t tell you how many prompts we did last week,\u201d he said. \u201cI\u2019m focused more on outcomes.\u201d<\/p>\n

Those outcomes are increasingly measurable. In the first quarter of 2026, more than 40% of BNY\u2019s code was authored by AI, rising to roughly 50% more recently. AI is also embedded across operations: about half of annual account plans are drafted with AI, 25% of client onboarding is AI-supported, and roughly 70% of restricted-party payment screening is reviewed by AI.<\/p>\n

The impact is showing up in financial metrics.\u00a0Revenue per employee rose from $338,000 in 2022 to $401,000 in 2025, while pre-tax income per employee increased from $99,000 to $143,000 over the same period.<\/p>\n

McDonogh frames these gains less as cost savings and more as capacity creation.\u00a0\u201cWe haven\u2019t reduced the footprint, but it\u2019s allowed us to do more with the footprint that we have,\u201d he said.<\/p>\n

To track progress, BNY measures AI impact across core workflows\u2014including innovating, prospecting, onboarding, transacting, and streamlining\u2014while continuously building out its internal \u201cEliza\u201d platform. The system serves as a firm-wide context layer, improving over time as it ingests more data and use cases.<\/p>\n

Employee adoption is also structured. Staff progress through three levels of AI proficiency, culminating in a \u201cpioneer\u201d designation that requires formal training and testing. Access to more advanced models is gated by expertise, reinforcing both quality and accountability.<\/p>\n

Within finance specifically, AI is already reshaping core processes. McDonogh points to regulatory reporting, balance\u00a0sheet analytics and predictive modeling as key use cases. The technology is also playing a growing role in earnings preparation, helping synthesize analyst expectations and anticipate investor questions.<\/p>\n

For McDonogh, the takeaway is straightforward: AI productivity is not about how much you use, but how effectively it changes what an organization can do.<\/p>\n

\n

Sheryl<\/strong>\u00a0Estrada<\/strong>
sheryl.estrada@fortune.com<\/p>\n

New today: The 2026 Fortune Global 500 list is out this morning, ranking the world\u2019s largest corporations by revenue for the 2025 fiscal year. Now in its 37th year, the companies, in total, represent about two-thirds of the world\u2019s GDP, with $43.1 trillion (up 3%) in revenues, $3.4 trillion (up 14%) in profits, and 70.2 million employees. The top 50 companies alone account for a third of total revenue and 39% of profits. Fortune <\/em>subscribers get exclusive access to the list.<\/p>\n

Leaderboard<\/h3>\n

Ashwath Bhat<\/b> was appointed CFO of Capitolis, a financial technology company, effective Aug. 3. He will succeed Lindsey Baptiste Fiedler, who will remain with Capitolis in an advisory role for a transition period. Bhat brings more than two decades of financial leadership experience. He most recently served as CFO at Fractal, leading the company\u2019s IPO in February. Before that, Bhat spent more than a decade in senior finance leadership roles at Nielsen, including CFO of global media, product and technology, and CFO of Gracenote and the Nielsen Portfolio, as well as regional CFO for Africa and the Middle East.<\/p>\n

Jacinto J. Hernandez<\/b> was named CFO of Cadiz, Inc. (Nasdaq: CDZI, CDZIP), a water solutions and natural resources company, effective Sept. 1. Hernandez succeeds Stanley E. Speer, who will retire after 17 years with the company and continue in an advisory role through Dec. 31. Hernandez is the founder and principal of Cummings Consulting & Management. Previously, he spent 22 years with Capital Group and its subsidiary, Capital World Investors, where he served as a partner and investment analyst.\u00a0<\/p>\n

Big Deal<\/h3>\n

n a new report from global professional services firm Alvarez & Marsal (A&M), \u201cStrategic Perspective on Finance in the Age of AI,\u201d the CFO Services team examines how AI is fundamentally reshaping the finance operating model\u2014from one-time transformation programs to continuous evolution\u2014and what CFOs and finance leaders must redesign now to build competitive advantage before the market moves past them.<\/p>\n

According to the report, three anchors redefine finance\u2019s next chapter and how the function creates value. The shift is from optimizing processes to owning decisions, with work, talent, and digital moving together across finance for finance, the business, and the street.<\/p>\n

Going deeper<\/h3>\n

“Meet the \u2018AI Centurions\u2019\u20146 formerly sleepy stocks that now have market caps over $100 billion” is a Fortune<\/i> article by Shawn Tully.<\/p>\n

Tully writes: \u201cThere\u2019s a whole cadre of old-line companies that have mined the AI boom to multiply their valuations many times, and sprinted to join the $100 billion-plus valuation club.\u201d Read more here.<\/p>\n

Overheard<\/h3>\n

“Even during dark times, you need to make yourself ready for any change in the future.”<\/strong><\/p>\n

\u2014Simon Lin, chair of Wistron Corporation, a technology company based in Taiwan, said in an interview with Fortune<\/em>. Wistron (No. 198 on the Fortune Global 500) has a classic corporate comeback story: It teamed up with Nvidia at the lowest point in its history, then rode the AI boom into a new era of growth. Read more here.<\/p>\n<\/div>\n

\n
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Subscribe to\u00a0Fortune Gulf Brief<\/strong>. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world\u2019s most consequential regions, written for the people who need to act on it. Sign up here.<\/strong><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n

#BNY #skipped #tokenmaxxing #craze #Heres #metrics #tracks<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning. Tokenmaxxing qui… <\/p>\n","protected":false},"author":1,"featured_media":1013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1828,283,559,561,560,562,564,1830,568,563,1544,565,566,1831,570,569,567,1829,571,572,1048,1832],"class_list":["post-1012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-bny","tag-ceo","tag-ceos","tag-cfo","tag-cfos","tag-chief-financial-officer","tag-chief-financial-officers","tag-craze","tag-everette-taylor","tag-finance-chief","tag-heres","tag-kickstarter","tag-kickstarter039s-new-finance-chief-is-ultra-extroverted-and-she-credits-that-trait-to-her-success-as-a-people-centric-cfo","tag-metrics","tag-people","tag-people-centric","tag-sindy-wilson","tag-skipped","tag-talent","tag-tech-company","tag-tokenmaxxing","tag-tracks"],"yoast_head":"\nBNY skipped the 'tokenmaxxing' craze. 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