IBM launches Watson Financial Services, AI-powered product suite designed to help financial institution professionals perform regulatory and fudiciary tasks

Briefing

IBM launches Watson Financial Services, AI-powered product suite designed to help financial institution professionals perform regulatory and fudiciary tasks

June 22, 2017

Briefing

  • Watson Financial Services – IBM Cloud-based cognitive solutions suite designed to assist financial institution professionals understand regulatory requirements, gain insight about potential financial crimes, and manage financial risks
  • Financial Risk and Regulations Training – Trained Watson initially with 60,000 regulatory citations through subsidiary Promontory Financial Group, combined with additional regulations from 200 different sources
  • Watson Regulatory Compliance – Helps understand and address continuously changing regulatory requirements by providing company-specific view of all potential compliance obligations
  • Financial Crimes Insight with Watson – Automates due diligence processes through artificial intelligence capabilities, accelerating know-your-customer process, helping reduce false positives, and speeding up investigations on anti-money laundering cases
  • Algo One Big Data Foundation – Integrates Big Data technology with risk management data applications to enable professionals to examine risk in shorter period of time using intuitive user interfaces, initially focusing on liquidity, application lifecycle management and market risk issues

Business Model and Practices

Business Model
and Practices

Sector

Financial Services, Information Technology

Organization

International Business Machines Corp.

Source

Original Publication Date

June 14, 2017

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