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5/31/17 - Gene Ludwig and Alistair Rennie on How Compliance Professionals Will Benefit with Watson

Gene Ludwig, Promontory’s chief executive officer, and Alistair Rennie, general manager for Watson Financial Services, discussed with Banking Exchange how Promontory is training Watson to assist compliance functions at financial services institutions.

“The job we’ve given compliance officers is daunting,” Ludwig said. “There are tens of millions of transactions, and hundreds of thousands of employees and thousands of products to keep track of.” Watson’s cognitive computing ability is the answer to this problem, both Ludwig and Rennie told Banking Exchange. 

Rennie added: “Our goal is to have people doing the right things rather than looking for needles in haystacks.”

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