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.
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