The bank has started using machine learning technology to process expense reports and determine whether they comply with company policies.
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JPMorgan Rolls Out Robots to Scrutinize Banker Travel, Expenses
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“We basically have eliminated manager approvals,” she said Wednesday at a conference in New York. “We’re doing 100% of audit through a machine-learning model that makes sure that, as we process travel and expense reports, they’re in alignment with our policies.”
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