He's back baby
55 replies (most recent on top)
@a1 Can only hope
@bn Token Duh hire
@fj He has his GF TK to help with AI technology…LOL
@pb Don’t forget TK failed
@cp Amazing analysis. 64 reactions! (+28/-36) I will guess that many of the 36 negative reactions couldn't read it for some reason. @dn showed us that there is a scorecard for AI usage at banks. Of the major banks Wells Fargo is the only one loosing ground. Executive management and the board should use this in negotiating tech bonuses. https://evidentinsights.com/bankingbrief/heres-the-2025-evident-ai-index/ I am expecting to see management bully AI out of Wells Fargo just as they did with cloud transformation, agile adoption, platform adoption, continuous integration etc.
Please let us not forget the marvelous accomplishment of T "Change Freeze" K: renaming the 6S Strategy (if you really call it a strategy) to EPIC and those snazzy black shirts!!!!!!
@fj SVB is on the business side. He's going to run interference with business heads to jam AI into their LOBs. He isn't going to make decisions on tech. that's likely to happen with CM, his AI experts, his chief arch. and Ferlisi who got CTO arch.
Hopefully leadership got a clue with his prior tenure in tech. Very little actually ended up being good-- Cloud (fail), Agile (pretty much fail), the whole bit with architecture, "lasagna" view etc. Nobody cares-- most people that were around back then are gone.
@hv AI will go the way of Agile? Ever wonder why methodologies and technologies that succeed at other banks fail at Wells Fargo?
It will for sure fail at Wells Fargo, but AI as a whole won't. Failing AI will only make the bank weaker.
Don't mistake financial bubbles with vapor ware. AI is here to stay, unfortunately. It will only continie to improve from here, as it has been for decades now.
@dw Wells Fargo was prepping Avid for the CEO role; common practice to have them work various roles in the company. Avid was ok. She had the approval of the board so at least Tech was not in the crosshairs.
@dw
Avid.
Yeah, Blew me away when they decided the head of HR (Avid) was qualified to run tech.
This was my first incling that management can be bonkers.
@dg
Saul isnt a tech guy. He was an accountant running tech.
can’t wait for the AI bubble to burst, looks like Japan knows it’s coming soon! AI and people’s money should not mix. in the next few years it will be a failed initiative just like agile !
Is he being groomed to pilot the plane once the highjackers have pulled the rip-cords?
Cool. He is smart and humble enough to bring on board heavy AI talent. This company would be in much better shape if he were running it.
Choosing someone without strong AI experience to lead an AI program can come with real risks. Roles like this usually need deep skills in AI development, compliance, data governance, cybersecurity, and advanced AI/ML work.
Sometimes the focus ends up being more on cost-cutting, vendor management, or small-scale tools instead of long-term AI capability.
Meanwhile, companies like Meta, Oracle, and LinkedIn have been hiring leaders with strong, hands-on AI backgrounds. They pay more, but these experts know how to build full AI strategies, develop models, manage data and risk, and build strong AI teams.
maybe if we don’t follow a similar approach, we may not be setting ourselves up for long-term success.”
@e0 what is teh grok? I don't even know what that is? Internal WF app? What LOB?
Of course he's a Grok user lol
@dh What's funny and so on brand is that lemons produce a lot of fruit quickly. And those of us who live in states friendly to citrus know this isn't a big deal. So it's more cheer leading on something that isn't even a big deal.
@dg It's a common thing to happen for people they are grooming for higher positions. Remember Avid? Ran Tech for a while, but also was in various business units. Frankly, I think her tenure in tech was rather unremarkable.
jesus christ 🤦♂️
@dd, yes links https://www.ainvest.com/news/ai-driven-cost-optimization-banking-strategic-edge-financial-institutions-2511/ Also get the AI Evident 2025 Index for banks. BTW AI jobs grew by 25% at banks since last year. https://evidentinsights.com/bankingbrief/heres-the-2025-evident-ai-index/ See which banks are pulling away, which are stagnant.
JPM 92
Capital One 88
BAC 85
Wells Fargo 78
Citigroup 75
Finally use this grok prompt: I started with . This one will provide a nice table <Provide the most recent Evident AI Banking Index (2025 or latest available) leaderboard for the top U.S. and global banks. Include at least the top 10–15 banks with: Bank name
Overall Evident AI Index score (out of 100)
Global rank
Key AI strengths or standout use cases
Any publicly reported efficiency gains, cost savings, or productivity metrics tied to AI (e.g., % cost reduction, hours saved, $ savings)
Present it in a clean table format and cite the Evident report or latest date. If Wells Fargo, JPMorgan Chase, Bank of America, Capital One, or Citigroup data has changed since mid-2025, highlight the updates."
This prompt is specific enough to pull the exact Evident leaderboard (which updates every 6–12 months) and forces inclusion of the efficiency numbers you care about, while keeping the table clean and comparable to the one I gave you earlier.(Short version you can use on layoff boards or internally)
"Drop the latest Evident AI Banking Index table — top 10–15 banks with scores, ranks, and any reported AI savings (% or $)."Either version will consistently return the scorecard you’re looking for.
---- just a couple of asides. Ever wonder why Wells Fargo keeps Mike Mayo around?
@a7 and show off that lemon tree of hers
The way that this company churns and rotates through executives is mind boggling. The fact that they ever tapped the IT guy to head consumer lending (which requires completely different expertise and skill set) in the first place was odd.
@bk In what ways is 'JP' so far ahead of WFC
No one is talking about bias in AI. How do you avoid it? Building diverse tech teams. We don’t have that. Where are most of our AI tech teams?
Subject: The real reason we got "Clippy" instead of Agents: Fear & The Account Scandal
In my 50+ year career in tech, I have never seen a company waste so much money to get so little in return. Here is the reality behind the "Clippy" rollout and the shuffling of deck chairs between BE, TK, and Saul:
Trauma determines Strategy: Ever since the Account Scandal, this firm cares 100% about appearance and 0% about productivity. They are terrified of another scandal. They don't want functional tools; they want "safe" tools.
The Fear of Agentic AI: When Saul gave the AI portfolio to TK, she didn't run to engineering—she ran to the ethics boards. Why? Because they are deathly afraid of Agentic AI. They think if they unleash real agents (like Gemini 3 or Claude), the AI might start opening fake accounts or violating compliance to meet metrics. McKinsey is writing articles about how Agentic AI is the real payoff, but we are ignoring it because leadership is paralyzed by fear.
The Technical Rot: While they debate ethics, look at the actual stack. It’s just thousands of wired-up spreadsheet applications feeding data silos. Most are undocumented, many are duplicated.
The Leadership Void: When BE was brought in, the hope was she would finally decide on a course of action—banking platforms, SOA, web services. She didn't. The AI question was kept out of her hands, and now it’s just being passed around like a hot potato.
We had some actual innovation with the "Fargo" project years ago, but that spirit is dead. Now, because CS sits on the Microsoft board, we just get a force-fed MS product that is essentially a glorified search bar, while the people with the chops to implement real AI are shown the door.
@a5 And our peers know this too. Buddy of mine who works at a business intelligence company says their CEO got a big laugh in a recent town hall when he said Wells has gone all in on “Clippy.”
TK is the token DEI hire.
Will Saul will make AI implementation "efficient" just as he made the rest of the workflows efficient with ServiceNow? Choose your AI wisely.. this is the lesson the current market is teaching us now. JPM is way ahead. The trick with AI is this -- you need some intelligence first. You can't get intelligence from AI -- you can only leverage your existing intelligence. As @a8 noted most of those that have intelligence have been bullied out of this bank.
Seriously TK must know where the bodies are buried. How do you sc--w up over and over and still have a job?
TK has to be one of the biggest failures at WF. Gets toys ripped away after just months because leaders find out she’s incompetent…again.
She was hired because she has a proven track record of offshoring american jobs and laying off the remainder.
Wasn’t BE hired because she was such an AI wh-z that she was going to lead WF into being an AI Giant in the financial industry?
@am BE has been bringing in BNY cronies her entire tenure at WF and hiding them as contractors brought in by EY and layering them levels down under other Tech Leaders. JS has been key in helping BE hide the BNY hires. BE has no ethics and ignored the non-compete agreement with BNY - heard BNY sued WF. I thought we had a Code of Conduct and OC Execs were to lead by example. Guess this doesn’t apply to BE or her right hand man, JS.
We’re being too rough on BE - let’s form a committee and list all the things BE has done for us and schedule a meeting with CS, show him the list and tell him what a great choice she was …. Oh, wait —- she’s done nothing for WF just like she did at BNY. Scratch that idea. My bad.
BE just brought in a group of her BNY buddies and more are to come.
It is a demotion for Saul. soon he wont be co ceo. Saul has also pi---d many banking folks.
He has run tech before so AI is good. i also speculate that BE could possibly report into Saul.
Hope this is a good chance to reconsider the 8 hr work day as it is like asking AI to be in the office for collaboration
Can we take a minute to talk about BE?? If she was doing her job, CS wouldn’t have moved it from one OC Member to another. The fact CS took AI away from BE’s Leadership speaks volumes!!
She’s done nothing for us — keep watching —- CS will keep taking things away from BE.
they keep moving TK around to give her experience to take over for CS in the coming years then after a few months of being CEO they will give the job to Saul