JPMorgan Chase's COiN is an AI-powered platform that revolutionizes legal document analysis by automatically reviewing contracts, identifying risks, and ensuring compliance in seconds instead of hours
.
The system has demonstrated significant real-world impact, processing 12,000 credit agreements rapidly and identifying critical contract inconsistencies, while setting new standards for AI adoption in finance.
Reasons to Read -- Learn:
how AI technology can reduce document review time from 360,000 hours to mere seconds, demonstrating concrete efficiency gains in legal operations
real-world implementation of AI in financial compliance, including how COiN identified risks in 5% of commercial loan agreements in 2022
specific applications of AI in contract analysis, including automated risk detection, regulatory compliance checking, and commercial agreement review processes