Technology
BofA Exec Sees AI Expanding Its Domination of Muni Underwriting
Key Points
BofA Exec Sees AI Expanding Its Domination of Muni Underwriting Matthew McQueen, who oversees Bank of America Corp.’s public finance department, is looking to artificial intelligence to expand the bank’s underwriting business across the country. When US states and cities are looking for a banker, they typically put out what’s called a request for proposals. There are thousands of municipal bond issuers across the US, making it tough for banks to address all of them.
BofA Exec Sees AI Expanding Its Domination of Muni Underwriting
Matthew McQueen, who oversees Bank of America Corp.’s public finance department, is looking to artificial intelligence to expand the bank’s underwriting business across the country.
When US states and cities are looking for a banker, they typically put out what’s called a request for proposals. There are thousands of municipal bond issuers across the US, making it tough for banks to address all of them.
[Image text:] BANK OF AMERIEAT