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JPMorgan Chase’s private bank is using AI to help onboard clients, conduct investment research and handle other tasks, Bloomberg reports, citing Pablo Garnica, the bank’s head for Europe, the Middle East and Africa.
Why it mattersThe stated aim is to make wealth advisers more productive. It is a concrete use of AI in banking work, though the report does not quantify time saved or identify the tools involved.
Discuss: Should banks disclose more about which adviser tasks AI handles, or is reporting at this broad level enough?
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