JPMorgan Chase

Created a Contract Intelligence (COiN) platform designed to “analyze legal documents and extract important data points and clauses.” Manual review of 12,000 annual commercial credit agreements, normally requires approximately 360,000 hours, which could be reviewed in seconds. COiN has widespread potential and the company is exploring additional ways to implement this powerful tool, as for example to help “identify clients best positioned for follow-on equity offerings.”

The firm invested over $9.5 billion in technology in 2016, with $3 billion “dedicated toward new initiatives” and a $600 million fraction slated for “emerging fintech solutions.” Specific interests include partnerships with fintech companies and developing new and enhancing current digital and mobile services.

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