Dermot McDonogh

Bank of New York Mellon (BNY) CFO Dermot McDonogh told Fortune that the bank does not track AI token consumption as a metric, calling token costs “modest within modest” relative to broader engineering…

BNY CFO Dermot McDonogh said the bank ignores 'tokenmaxxing' and instead tracks AI impact through measurable outcomes like revenue per employee, which rose from $338,000 in 2022 to $401,000 in 2025. I…