IBM's Watson Takes On Risk And Regulation In Finance

IBM is deploying sophisticated technology under its Watson Financial Services brand to improve risk management across financial firms. The initiative has several components, said Michael Curry, vice president of engineering for Watson Financial Services at IBM. "One piece is more focused on financial risk -- market, credit and liquidity risk that are associated with portfolios. The Armanta acquisition we announced a few months ago sits in portfolio management but we are applying it in other places too. "The second piece would be more operational risk, and there you have two components. One is some of the areas of financial crimes and fraud where we have our Financial Crimes Insight Engine, a platform for finding patterns of fraud and market abuse.