IBM Watson now offers software and cloud services that help financial institutions and other businesses keep on top of a complex web of changing financial regulations.
Written by John Ghrist
Although banks and credit unions may seem to have the lion's share of laws and regulations they must meet in order to be allowed to handle other people's money, every organization has some level of fiduciary responsibilities. Depending on what kind of business in which an enterprise is engaged, the number of rules that have to be followed varies, but the real challenge is keeping up with the ever-changing nature of laws and regulations affecting business practices. IBM is taking a step forward in this area by using Watson to help concerned businesses keep track of these obligations—and other internal activities—to improve their financial operations.