“1. AI and Credit Decisions Automobile lending companies in the U.S. have reported success with AI for their needs as well. For example, this report shows that bringing AI on board cut losses by 23% annually. 2. AI and Risk Management A US leasing company, Crest Financial, employed artificial intelligence on the Amazon Web Services…
Tag: JP Morgan Chase
What’s Behind JPMorgan Chase’s Big Bet on Artificial Intelligence?
“When America’s biggest bank, JPMorgan Chase, hired Apoorv Saxena in August 2018 as its global head of AI and machine-learning services based in San Mateo, Calif., finance industry watchers saw that as a sign that the bank was making a big bet on artificial intelligence to shape its future strategies. Saxena previously headed product management…