Thursday, September 29, 2016

IBM to buy Promontory Financial Group; plans to bring AI to regulatory compliance

Regulatory compliance is about to take a leap into the 21st century, and beyond, as IBM announced that it plans to acquire Promontory Financial Group. The purpose of the acquisition? To combine the financial regulatory experience that resides within Promontory with Watson, IBM’s artificial intelligence computer system to build a comprehensive service to help financial institutions comply with their regulatory requirements. http://www.housingwire.com/articles/38175-ibm-to-buy-promontory-financial-group-plans-to-bring-ai-to-regulatory-compliance ❤️ #share #mortgage



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