Efficiency increasing technologies implemented by JPMorgan Chase

According to reports the US banking group, JPMorgan Chase, is going to adapt the electronic document capture and management technology provided by Oracle for its global operations.

Oracle's Distributed Document Capture technology is being integrated by the bank for facilitating the electronic capture and management of a broad range of critical business documents including loan applications, financial statements, invoices and checks.

The new system is featured with scalability, easy administration, support for multiple input devices. Using this product, JPMorgan will have faster document cycle times, an improved regulatory compliance and records management, more automated business processes and a better access to information.

The initial roll-out of the platform will cover over 750 US users at JPMorgan Chase and more than 3000 employees across the US, Europe, Africa and Asia are expected to be using the software by the end of the following year.