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JPMorgan's push towards automation goes into overdrive

Published Tue, Feb 28, 2017 · 09:50 PM
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New York

AT JPMorgan Chase & Co, a learning machine is parsing financial deals that once kept legal teams busy for thousands of hours.

The program, called Coin, for Contract Intelligence, does the mind-numbing job of interpreting commercial-loan agreements that, until the project went online in June, consumed 360,000 hours of lawyers' time annually.

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Big Data

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