JPMorgan spots fraud with counter-terror tools

By Staff | December 14, 2012 | Last updated on December 14, 2012
1 min read

The Financial Times reports JPMorgan Chase is using the technological tricks of the counter-terrorism trade to help spot fraud among its employees and deal with a wide range of issues including what to charge for property tied to troubled mortgages.

Evoking images of NSA supercomputers, “the technology involves crunching vast amounts of data to identify hard-to-detect patterns in markets or individual behaviour that could reveal risks or openings to make money,” the report explains.

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The staff of have been covering news for financial advisors since 1998.