JPMorgan Chase is putting a priority on using technology to automate manual processes and save time, according to its investor letters published on Tuesday.

In a letter by Matt Zames, the bank’s chief operating officer, JPMorgan Chase detailed some of its strategy in this area. Zames said the bank made automating development life cycles a priority in 2016. For instance, by using automated code scanning, the bank saved nearly 120,000 developer hours during the year. He added that the bank expects to be able to deliver more than 90% of its software through end-to-end automation over the next five years. In other words, much of the software code testing done by humans can be replicated by technology, making the process much quicker.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access