Posted 3/5/2024, 8:17:59 PM
JPMorgan AI Tool Cuts Clients' Cash Flow Work by 90% as Big Banks Embrace Forecasting Software
- JPMorgan's AI cash flow software has helped cut clients' manual work by close to 90%
- The free tool analyzes, sorts, and categorizes cash flows and creates forecasts
- Around 2,500 unnamed corporate clients currently use the tool
- JPMorgan may start charging for the tool in the future due to its success
- Other big banks like Bank of America and RBC have similar AI forecasting tools