“Automation could help North American banks unlock up to $71 billion in value by 2025, according to an Accenture study released last week. Banks were projected to invest more than $5 billion in artificial intelligence in 2019, according to a September report by International Data Corp. The Accenture study cited account reconciliation and data entry and…
Tag: JP Morgan Chase
JPMorgan CIO Says AI Holds Promise for Helping People Save
“JPMorgan Chase & Co. Chief Information Officer Lori Beer said artificial intelligence could help the bank develop new products and services for helping people build retirement savings, among other things. About 25% of working Americans say they have no retirement savings at all and 44% worry that their saving isn’t on track, according to a…
AI At JPMorgan Chase—Breadth, Depth And Change
“Most large banks in the US are pursuing AI fairly assiduously, but JPMorgan Chase stands out for the depth of its commitment to the technology JPMorgan Chase spends $11 billion a year on technology, and about half of that amount is devoted to research on new and emerging technologies. In 2018 the bank brought in…
Where Will JPMorgan Chase Be in 5 Years?
“According to Dimon, JPMorgan believes AI will be able to help the bank say “yes” to more mortgages and loans to customers that may have traditionally had difficulty getting approved, especially in minority or underprivileged communities.” MAGE SOURCE: GETTY IMAGES. https://www.google.com/amp/s/www.fool.com/amp/investing/2019/08/27/where-will-jpmorgan-chase-be-in-5-years.aspx
Jamie Dimon and Chase are all-in on AI
If you’re involved in financial services you’re likely familiar with the name Jamie Dimon. If not, he’s the Chairman and CEO of JP Morgan Chase, and arguably one of the most influential leaders worldwide. A quick Google search will return references to “America’s Most Important Banker,” “Savior of Wall Street.” “Last CEO Standing.” With that…