Vivek Bajaj & Rick Hoehne
Countering Financial Crimes with Watson and Cognitive Solutions
RegTech has ushered in a new era of optimism for financial institutions. It’s now possible to leapfrog manual compliance processes and keep pace with regulatory change by employing advanced capabilities including cognitive computing. Promontory Financial Group, an IBM subsidiary that specializes in risk management and regulatory compliance, has trained Watson on regulatory content.
Watson also has started to review transactions and cases related to potential financial crimes. The result is a suite of cognitive solutions that offer assistance in the transformation of financial crimes management to address KYC, AML, payment and fraud risks across the customer lifecycle, from onboarding through exit. The solutions provide functionality to detect, respond, investigate, discover and report on these risks. Meet with senior Watson Financial Services executives to see how Watson can help manage regulatory compliance.