We've all heard of roboadvisors, but what about robocompliance?
| Ginni Rometty|
Chief Executive Officer, Chairman and President
On September 29 IBM unveiled
a deal to buy Promontory Financial Group
. Promontory specializes in helping financial institutions navigate regulatory complexity, and the Economist
sees IBM marrying Promontory's human expertise (Promontory big ex-regulators among its staff) "with Watson
, IBM's cognitive artificial-intelligence platform."
Watson already lends a hand looking for suspicious trading activity and categorizing rules and regulations. Perhaps next up Big Blue (i.e. IBM) will steer Promontory and Watson towards asset management: like BlackRock's Aladdin risk management platform, but for regulations? The SEC is already using
big data to keep watch ...
Neil Anderson, Managing Editor
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