JP Morgan plans e-banking leap with its India-built AI

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JP Morgan Chase & Co, the world’s largest bank by market capitalisation, is betting big on Indian-built AI capabilities to improve its global digital banking.

The Wall Street powerhouse has about 400 AI use cases in production, its chief data and analytics officer Teresa Heitsenrether told ET.

Currently, the use cases are in areas such as marketing, fraud, and risk management and a lot of the newer capabilities are built from India, Heitsenrether said during her recent visit to the country.

For the financial services institution with $4 trillion…



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JP Morgan plans e-banking leap with its India-built AI


JP Morgan Chase & Co, the world’s largest bank by market capitalisation, is betting big on Indian-built AI capabilities to improve its global digital banking.

The Wall Street powerhouse has about 400 AI use cases in production, its chief data and analytics officer Teresa Heitsenrether told ET.

Currently, the use cases are in areas such as marketing, fraud, and risk management and a lot of the newer capabilities are built from India, Heitsenrether said during her recent visit to the country.

For the financial services institution with $4 trillion…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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