“On A Mission” with Ritesh Mohan from Bank of America

by | Jul 31, 2023 | On a Mission | 0 comments

Each week on “On a Mission,” we talk to community leaders who are out to make a positive impact in the area. Today, our host Dr. Wendy Norfleet talks with Ritesh Mohan from Bank of America.

Short company description:

Bank Of America is an American multinational investment bank and financial services company headquartered at Charlotte. Bank Of America is a leading American bank that uses latest technology to support digital transformation and modernization of banking to provide banking capabilities and customer protection of the highest level to their customers.

What are your biggest goals in the next 12 Months for your business?

The biggest goals are to migrate most of the legacy systems in the Bank to cloud framework to achieve never down high available systems, increase the use of machine learning models for predictive fraud detection and switch away from rule based reactive fraud detection systems as much as possible. The biggest goal is to reduce the fraud losses to a minimum and sustain it that way.

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