Items tagged with JPMorgan Chase

Technology has and will continue to replace a lot of jobs. Many people are particularly concerned about the effects of technology on traditionally blue-collar jobs, such as the fate of truck drivers in the face of self-driving vehicles. One group of workers that likely did not expect to be replaced, however, are lawyers. JPMorgan Chase & Co. just introduced a software program that eliminates an estimated 360,000 hours of work each year previously done by lawyers and financial loan officers. Contract Intelligence (COIN) uses machine learning to review and interpret commercial loan agreements. The document is able to scan over documents in seconds and is less error prone than human beings.... Read more...
Add JPMorgan Chase to the list, alongside Home Depot and AT&T, of businesses hacked this year. On Thursday, the company announced that a security breach had compromised 76 million households and 7 million small businesses. The announcement follows in the wake of a disclosed attack back in August when hackers penetrated seven of the country’s largest banks. The hackers were able to gain access to their computer systems using sophisticated malware and were able to manipulate records. Image Credit: Joe Mabel In a securities filing, JPMorgan Chase stated that the hackers gained access to user contact information that included names, addresses, phone numbers, and email addresses. However,... Read more...