“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…
Tag: JP Morgan Chase
How To Open Account Or Do A Banking Transaction In Less Than Five Minutes
“The bank introduced its AI-powered chatbot, Erica, to speed transactions, including transferring and depositing funds. Erica works by understanding voice or text commands to complete these transactions in minutes. And, customers have responded. In the first three months, more than one million people downloaded Erica Chase has rolled out numerous digital initiatives and introduced new…
JP Morgan expands dive into machine learning with new London research centre
“The US investment bank has recently launched a Machine Learning Centre of Excellence (ML CoE) in London and has hired Chak Wong who will be responsible for overseeing a new team of machine learning engineers, technologists, data engineers and product managers.” https://www.thetradenews.com/jp-morgan-expands-dive-machine-learning-new-london-research-centre/ Chak Wong Head of London Machine Learning Centre http://linkedin.com/in/wongchak
Banking automation’s potential can unlock more than $70B in value by 2025 | Banking Dive
“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…
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…