The AI in Business Podcast Breaking Complexity in Banking Risk Operations With AI - with Nathaniel Bell of Wells Fargo
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May 26, 2025 Nathaniel Bell, Data Management Director at Wells Fargo, specializes in risk management and enterprise automation in banking. He discusses how AI transforms risk management and compliance, balancing innovation with caution. Nathaniel highlights the shift from manual auditing to continuous processes, the need for quality data, and the importance of human oversight. He explains how simple AI systems improve efficiencies in audit workflows, while addressing the complexities of integrating AI in banking operations.
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AI Enhances Audit Efficiency
- AI enhances audit workflows via data analysis and pattern recognition.
- It reduces information gathering time and helps identify control gaps efficiently.
Data Quality Enables Continuous Auditing
- Continuous auditing requires accurate, connected data systems.
- Connecting these systems is fundamental before adopting continuous monitoring.
Automate Audit Information Gathering
- Focus AI deployment on the manual information gathering phase in audits.
- Automate gathering with AI to save time and reduce repetitive meetings.