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determining the client's location;
encryption;
digital signature;
secure remote access;
JP Morgan uses artificial intelligence to automate the analysis of loan agreements. In 2017, the bank introduced the Cointract Intelligence platform (COiN) , which makes possible to analyze such type of agreements, putting in the spotlight the key conditions and key data. It worth saying that this solution helps to save up to 360.000 man-hours.
The same year, Wells Fargo announced the creation of a special department of artificial intelligence, which will be engaged in payment technologies and improvement of services for corporate clients of the bank. The Bank also published an article on the use of AI in the field of security, in which it announced the possible start of research in this area.
Bank of America launched Erica, a virtual AI assistant embedded in their mobile app and ATM network .
Citibank has made several investments in artificial intelligence companies. For example, in the project Feedzai, which uses AI to detect fraud and combat it in online banking. Another investment target is Clarity Money, which helps customers choose suitable financial products and manage their finances.