Watson at Work at IBM Think: Meeting compliance through cognitive computing

Maintaining regulatory compliance is a daunting task. Up to 200 regulatory changes occur every day, varying from large scale regulation like Dodd Frank, to minute changes to the font and size of footnotes in regulation text. The cost of not being compliant is astronomical – since 2008, more than $50 billion in fines have been paid. Banks and financial institutions are looking for any advantage they can get to streamline operations and reduce compliance costs. IBM Think, the three-and-a-half day event that emphasizes'mankind machine', highlights using IBM's vast background in cognitive computing to, in this instance, help compliance professionals to play by the rules and maintain compliance, avoid sizeable penalties and leverage machine learning and artificial intelligence to make their jobs easier.