How big banks use AI: The case study of JPMorgan

“JP Morgan is co-hosting the first ever international peer-reviewed conference dedicated to AI in finance. This looks at the ways in which JPMorgan Chase seek to implement AI and Machine Learning both now and in the future.
AI shall enable banks to create new and improved financial products and solutions by virtue of simply having more data to make products/solutions that more people want/need
Ai will enable banks to reach a wider proportion of the population. A 2018 World Bank report suggests that around the world, 1.7 billion people are “under-banked”, not due to a lack of desire or need for financial services in those areas but rather a lack of availability and access to specialised products. Those banks which can expand their reach using AI can see big gains.”