IBM's Watson AI to help catch rogue traders

IBM is set to pilot its Watson technology for tracking down rogue traders at financial firms. Watson gained fame by defeating a pair of'Jeopardy!' champions, including 74-time winner Jennings, in 2011. The new Watson Financial Services product will analyze emails, chats and trading data for suspicious activity. In 2012, when Watson appeared on Jeopardy, it had general knowledge - but IBM has since worked to develop Watson's specialized knowledge in other fields such as medical treatment and even cooking Bridget van Kralingen, the senior vice president of IBM Industry Platforms, said the tool is being piloted with fewer than 10 financial industry clients. But IBM is also developing other functions for the technology not just limited to finding rogue traders - one function will analyze regulatory text to identify legal obligations and help determine whether a company's compliance programs abide by set rules.