"At the Goldman Sachs U.S. Financial Services Conference on Tuesday, CFO Denis Coleman discussed the company's recently announced OneGS 3.0 initiative-a multiyear overhaul of its OneGS program aimed at integrating AI throughout the bank's operating model to reduce complexity and boost productivity. The effort is a top priority and will involve every division and function across the firm, from business lines to control functions to engineering, Coleman said. "At its core, it's an effort to drive more scale and more growth," he said."
""We're asking all of our people to rethink the human processes they go through," Coleman said. "And then we're making investments in AI and agentic AI to accelerate change across these processes and platforms." They have identified six discrete workstreams, created dedicated teams, and tasked them with reviewing key activities, analyzing pain points, and identifying opportunities for efficiency, he said. "We'll fund some of those investments and hold teams accountable for the productivity outcomes that follow," Coleman said."
OneGS 3.0 is a multiyear overhaul to integrate AI throughout Goldman Sachs' operating model, involving every division and function to reduce complexity and boost productivity. The initiative emphasizes the quality, availability, accuracy, and timeliness of data and prioritizes investment in shared platforms spanning the organization. The program requires employees to rethink human processes and directs investments in AI and agentic AI to accelerate change across processes and platforms. Six discrete workstreams with dedicated teams will review activities, analyze pain points, and identify efficiency opportunities, present formal investment cases, and be held accountable for productivity outcomes while shifting efforts toward digitization and automation.
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