Question:

COIN, a software programme developed by J.P. Morgan, supports:

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AI in banking is not just for customer chatbots — it’s increasingly used for backend processes like contract analysis and fraud detection.
Updated On: Aug 14, 2025
  • Bitcoin
  • Financial accounting
  • Interpreting commercial documents
  • Robotic surgery
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The Correct Option is C

Solution and Explanation

COIN stands for Contract Intelligence, a software program developed by J.P. Morgan to automate the review and interpretation of commercial loan agreements.
Traditionally, this work required thousands of lawyer and loan officer hours, but COIN uses machine learning and natural language processing to read and interpret documents quickly and accurately.
Option (a) Bitcoin is a cryptocurrency and unrelated to COIN’s purpose.
Option (b) Financial accounting involves managing financial statements and bookkeeping, which is not the direct function of COIN.
Option (d) Robotic surgery is a medical technology and has nothing to do with financial document analysis.
COIN’s primary goal is to reduce human error, cut costs, and speed up document processing for financial institutions.
It has become an example of how artificial intelligence can transform the banking sector.
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