Tech giant IBM has wrapped up the acquisition of Promontory Financial Group, a risk management and regulatory compliance consulting firm.
Products offered by Promontory directly address the standards for compliance implemented to ensure the integrity of the financial system, protect consumers and build trust through transparency.
The acquisition complements its Industry Platforms business, which was created to develop open vertical platforms.
IBM is expecting the acquisition to accelerate its development of cognitive solutions for risk and compliance.
Promontory’s professionals will train Watson, which will learn by continuously ingesting regulatory information as it is created and through interaction in real-world applications, according to a statement.
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