JP Morgan Taps Cleareye.ai To Resolve Trade Finance Challenges

JP Morgan Chase & Co JPM forged a strategic alliance with Cleareye.ai. The partnership leverages an industry-leading digital solution, ClearTrade, to solve both the challenges of Trade Finance operations.

Cleareye.ai is an advanced Artificial Intelligence & Machine Learning platform that enables banks to launch products rapidly.

Trade Finance is undergoing a digital transformation. The ClearTrade solution offers a revolutionary change for banks to ensure they can continue to operate in this evolving landscape plagued with a significantly increasing cost base.

Also Read: JPMorgan Employs Blockchain to Expedite Interbank Dollar Transactions in India

JP Morgan is developing a ChatGPT-like software service that leverages disruptive artificial intelligence to select customer investments.

The company applied to trademark a product called IndexGPT that looks to tap cloud computing software using artificial intelligence for analyzing and selecting securities tailored to customer needs.

JP Morgan, which employs 1,500 data scientists and machine-learning engineers, is testing several use cases for GPT technology.

Price Action: JPM shares traded lower by 0.38% at $142.72 premarket on the last check Tuesday.