JPMorgan Marshals an Army of Developers to Automate High Finance

Of the many projects mentioned in the article I find the automation of contract analysis most interesting. Seems like a rich area for application of a whole variety of NLP techniques.

I would be curious if the current state is to essentially read the contract and mark up or label all the critical bits of the contract and then pass it to a human for final review and approval. Or, are they processing it using bank business rules and logic and automating approval without a human in the loop?

Anybody out there on HN who can speak in more technical depth about the contract analysis projects without giving away any trade secrets? I could imagine applying some old school controlled vocabularies and automated indexing as well as more statistical techniques such as topic modelling and Named Entity Recognition.