Promontory

Risk.net names IBM for “Financial Crime Product of the Year” and “Best Vendor for Innovation”

While there is no prize for stopping financial crime (though, arguably there should be), occasionally there is recognition for being an integral and pioneering part of the overall financial crime management effort. Today, IBM has received recognition by Risk.net for both “Financial Crime Product of the Year” for IBM Safer Payments as well as “Best […]

Continue reading

It’s time to embrace customer data privacy and security

Customer data is the modern enterprise’s most valuable asset. For years, enterprises have collected and stored it without giving it a second thought. Now, new technology, business and regulatory challenges are forcing them to rethink how they collect and manage that data. Customer data drives innovations like artificial intelligence and blockchain solutions. For most companies, […]

Continue reading

Taking a risk-based approach to compliance management

While deregulation has been a trend over the past few years, compliance monitoring and regulatory change management remains a top focus for financial institutions of all sizes. To explore this topic further, IBM is hosting a RegTalk panel discussion with industry experts from IBM, Promontory Financial Group and Thomson Reuters on May 16 at 10 […]

Continue reading

Take a risk-based approach to compliance management

Please note the date of this event has changed. The new date is April 8th.  Senior executives at financial services institutions have expressed the need for a stronger link between compliance and risk as stories of improper conduct and regulatory require­ments for AML, sanctions, customer fairness, data protection and privacy continue to dominate the business […]

Continue reading

IBM RegTalk webinar series 2019: The beginning of AI-enhanced AML

Around the world, financial institutions and the regulatory bodies who govern them are awakening to the potential applications of technology in financial crime prevention. While this has long been a promise of technology providers in this area, it is now finally, coming to fruition. Join our in-depth conversation, hosted by Watson Financial Services General Manager, […]

Continue reading

Risk management in the cloud: A strategic imperative

For financial institutions, the benefits of moving away from legacy in-house systems to the cloud are obvious. A cloud environment offers financial institutions greater speed and agility than their current environments. But while mobile devices give us great power and convenience, they also create new security and privacy challenges. Financial institutions face a similar dilemma […]

Continue reading

Redefining risk and compliance: IBM OpenPages with Watson

With the launch of OpenPages with Watson v8, IBM is continuing to build on its legacy of  industry-leading technologies for the financial sector. David Marmer, VP Offering Management, IBM GRC, offers insights into some key features of IBM’s latest milestone in governance, risk and compliance technology—showing how these innovations directly address long-standing industry needs—and empower […]

Continue reading

IBM and Promontory: Looking for a needle in a haystack with Watson

Carrying out Know Your Customer (KYC) due diligence is a delicate balancing act. On one side you’re always looking to streamline your customer’s onboarding process with quick and painless client verification and due diligence. On the other, you need to observe ever-changing regulations, manage voluminous amounts of structured and unstructured data, and perform often repetitive […]

Continue reading

Promontory Financial Group CEO on the future of RegTech

Gene Ludwig, the CEO and founder of Promontory Financial Group, recently sat down with Bloomberg Law in a wide-ranging interview to discuss his predictions for the future of RegTech, blockchain, and where he sees the markets going in the next three to five years. Promontory was acquired by IBM in 2016, and helps primarily financial […]

Continue reading

The future of regulatory compliance converges at IBM RegTech Europe

A common assumption in risk and compliance is that financial institutions typically have to spend more to meet their regulatory obligations. While this has been mostly true for decades, regulatory technology, regtech, offers a new path forward for financial institutions who are seeking to manage their compliance requirements more efficiently and effectively. To achieve this, […]

Continue reading

How Promontory and IBM are reshaping financial services through AI

The one constant in every compliance professional’s life today is an abundance of pages. Thousands upon thousands of often complex and intellectually challenging rules, regulations and policies that dictate the boundaries of how financial institutions behave. Whether it’s the Dodd-Frank Act, which spans more than 22,000 pages, or MiFID II, which is quickly approaching the 15,000 […]

Continue reading