A new survey by Promotory Interfinancial Network of 543 senior bank executives showed that their number one fear is the...
Lend Academy provides details on IBM Watson's acquisition of Promontory Financial Group, a firm used to help navigate complex banking regulations; IBM has acquired Promontory to train Watson on Dodd-Frank which includes 22,000 pages of regulation; Promontory has experience from a long list of banking veterans and will help train Watson on financial risk modeling, surveillance, anti-money laundering (AML) and Know Your Customer (KYC); the result will be an artificial intelligence solution that can be implemented for all aspects of compliance, regulation and monitoring; Brian Walter, Watson global industry leader for banking and financial markets at IBM will be speaking at LendIt USA 2017 in a featured keynote discussing how financial firms are using artificial intelligence and how it's expected to evolve. Source