TECH - JPMorgan Uses AI To Cut Down On Manual Labor: How Dimon's Bank Leverages Tech (CORRECTED) | Benzinga

Editor’s note: This story has been corrected to fix a headline that referred to a report from November 2023 and to make the timeline of the story clearer.

JPMorgan Chase & Co (NYSE:JPM) has significantly reduced manual labor for its corporate customers by up to 90% through its artificial intelligence-powered cashflow management tool, Cash Flow Intelligence.

Tony Wimmer, head of data and analytics at JPMorgan’s wholesale payments unit, said around 2,500 clients are utilizing the toot at no charge, according to a March 4 Bloomberg report.

The bank is now contemplating introducing fees for this highly sought-after service, Bloomberg Full story available on Benzinga.com