JPMorgan Software Reviews Contracts in Seconds Which Normally Takes Their Lawyers 360,000 Hours

JPMorgan Chase & Co are using machine learning to review financial deals in seconds, that usually keep their 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 work each … Continue reading JPMorgan Software Reviews Contracts in Seconds Which Normally Takes Their Lawyers 360,000 Hours