Archived JPMorgan Software Does in Seconds What Took Lawyers 360,000 Hours (bloomberg.com)
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Archived on: 5/31/2017 10:00:00 AM
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Archived JPMorgan Software Does in Seconds What Took Lawyers 360,000 Hours (bloomberg.com)
submitted ago by daskapitalist
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[–] derram ago
https://archive.is/3Jexk | https://vgy.me/oGEXkY.png :
'The system already is helping the bank automate some coding activities and making its 20,000 developers more productive, saving money, Zames said. '
'At JPMorgan Chase & Co., a learning machine is parsing financial deals that once kept legal teams busy for thousands of hours. '
'JPMorgan is scouring for more ways to deploy the technology, which learns by ingesting data to identify patterns and relationships. '
'That was the message Zames had for Deasy when he joined the firm from BP Plc in late 2013. '
'Made possible by investments in machine learning and a new private cloud network, COIN is just the start for the biggest U.S. bank. '
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