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JPMorgan's AI-Aided Cashflow Model Can Cut Manual Work by 90%
JPMorgan helped some of its corporate customers slash manual work by almost 90% (alternative source) with its cashflow management tool that runs on AI, bringing the largest US bank one step closer to charging for this service. From a report: "We are going to keep investing into this solution because...
JPMorgan helped some of its corporate customers slash manual work by almost 90%( alternative source) with its cashflow management tool that runs on AI, bringing the largest US bank one step closer to charging for this service. From a report:"We are going to keep investing into this solution because we see that we're starting to really crack this workflow," said Tony Wimmer, head of data and analytics at JPMorgan's wholesale payments unit, in an interview. JPMorgan's Chief Executive Officer Jamie Dimon has said the technology could eventually allow employers to shrink the workweek to just 3.5 days.
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