MutualFundWire.com: After Roboadvice, Is Robocompliance Next?

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Thursday, November 17, 2016

After Roboadvice, Is Robocompliance Next?

We've all heard of roboadvisors, but what about robocompliance?

Ginni Rometty
IBM
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 ...

Printed from: MFWire.com/story.asp?s=55089

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