Supervisors Symposium

AI : Accelerated Use Case

JPMorgan Chase invested in technology and introduced a Contract Intelligence (COiN) “chatbot” designed to “analyze legal documents and extract important data points and clauses” in 2017

Manual review of 12,000 annual commercial credit agreements normally requires approximately 360,000 hours

Results from an initial implementation of this machine learning technology showed that the same number of agreements could be reviewed in seconds

COiN has widespread potential, and the company is exploring additional ways to implement this powerful tool, although further information on the rollout is sparse

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REGTECH/ SUPTECH

Is AI going to be a large part of the future of financial regulation for U.S. bank regulatory agencies with RegTech/SupTech? • Supervisory technology or “SupTech” is in its early stage of use by regulatory entities around the world • Canadian firm SQL Power Group Inc.’s website explains AI’s origins and the current pivotal point as financial regulators—not just bank regulators—around the world begin to use AI as part of the supervisory process

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