JP Morgan’s Dimon: “We Are Using AI and Machine Learning Techniques”

Pymnts.com reports on JP Morgan Jamie Dimon’s latest shareholder letter (which appeared on April 4) noting that AI and Machine Learning are mentioned prominently.

Why is this important?

Dimon’s shareholder letters are closely read and parsed for nuggets of insight regarding the economy, the investment climate, and even revelations about America’s standing in the world.

It should come as no surprise that a topic Dimon spent time on was AI and Machine Learning.

Turning to individual technological initiatives, Dimon said the cloud and AI can help build scale and offer a development experience that allows the firm to “prototype quickly and learn fast, as well as increase the speed of delivering new capabilities to our customers and clients…” Later in the letter, he stated as one example that “in our consumer operations, we are using AI and machine learning techniques for ATM cash management to optimize cash in devices, reduce the cost of reloads and schedule ATM maintenance.”

It should also come as no surprise that OrboGraph has embraced AI, and new AI deployment scenarios – for both the check and healthcare lines of businesses – will be highlighted at the upcoming 2019 Healthcare and Check Payment Technology Conference on May 20-21, 2019 at the Charlotte Marriott City Center. After all, this year’s theme is 2019: The Year of AI and Modernization!

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