What is RegTech?
RegTech, or Regulatory Technology, is the application of new technologies to help banks and other financial institutions meet regulatory monitoring, reporting, compliance and risk management challenges. RegTech helps firms effectively manage regulatory compliance and cut compliance-related costs.
Why IBM RegTech
In today’s complex regulatory environment, banks and other financial institutions must deliver greater transparency to enhance and preserve client and stakeholder trust.
IBM RegTech is a comprehensive solution portfolio that leverages deep expertise in risk and compliance with advanced AI and analytics technology. These solutions are transforming how firms manage their risk and compliance function by enabling more informed decisions – from regulatory change management to specific compliance processes, such as anti-money laundering, know your customer, conduct surveillance and stress testing.
Through the application of these new technologies, firms will be able to more efficiently and effectively:
- Understand applicability of rapidly changing regulations to ensure appropriate controls are in place
- Calculate financial risk to a new level of granularity to optimize your use of capital
- Understand relationships and behaviors to identify financial crimes and conduct risk
Learn more about RegTech in the cognitive era in this POV (PDF, 161 KB)
Transform risk and compliance with Watson and Promontory
Banks and other financial institutions are reeling under the pressure of an increasingly complex and costly regulatory environment. IBM Watson Financial Services deploys the unique combination of technology and domain knowledge to help firms manage new and changing regulations.
Enter RegTech and cognitive compliance
Artificial intelligence (AI) is a game changer for RegTech and the financial services industry.
Much like how AI systems help oncologists determine the best cancer treatments, financial institutions can now be armed to make more informed decisions to manage risk and compliance processes and obligations.
Leverage the AI capabilities of Watson and the unparalleled domain expertise of Promontory to:
- Better meet customer needs
- Achieve greater operational efficiency
- Gain a dynamic understanding and proactive view of obligations
- Enable greater safety and security of your financial institution
RegTech solutions are founded on trust and the power of IBM and Promontory
“We see that the combination of IBM and Promontory is unique and creates a powerhouse RegTech capability for our financial services industry clients.”
- Bridget Van Kralingen, SVP, Industry Platforms and Watson Financial Services, IBM
RegTech solutions
Combat financial crime and fraud with advanced analytics
The cost of combating financial crime and fraud is rising. Reduce costs and compliance risks by making your systems and analysts more effective using AI and advanced IBM technologies. Our comprehensive financial crimes and fraud solutions create a holistic view of risks to:
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Minimize overall workloads with greater standardization, consistency and efficiency.
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Prevent sophisticated internal and external fraudulent activities using advanced customer screening and real-time monitoring across channels.
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Improve transaction integrity and ensure client trust by managing threats more effectively.
Explore solutions
IBM Financial Crimes Alerts Insight with Watson
Expand your visibility into financial crimes and build an accurate, sustainable anti-money laundering (AML) program.
IBM Financial Crimes Due Diligence with Watson
Improve the client lifecycle experience with streamlined and accurate due diligence processes enhanced by the AI capabilities of Watson.
IBM Surveillance Insight for Financial Services
Proactively detect, profile and prioritize risky and non-compliant behavior using integrated analytics and AI.
IBM Safer Payments
Use rapid fraud prevention capabilities to help improve transaction integrity within all-cashless payment channels.
IBM Financial Crimes Geographic Risk Insight
Evaluate the risk of money laundering and terrorist financing in specific areas across the globe to help guard against financial crimes.
IBM Security Trusteer Fraud Protection Suite
Detect, enforce, investigate and remediate fraud fast and efficiently.
Resources
Confront financial crimes and compliance challenges head-on with IBM
Detect financial crimes, improve compliance and streamline processes. Stay focused on growth with solutions which combine powerful IBM technology with deep expertise from Promontory Financial Group, an IBM company.
How the most effective financial institutions outthink the bad guys
Examine best practices for fighting fraud and find ways to effectively counter the threat through practical transformation plans supported with emerging big data and analytics technologies.
Power financial risk management with insight
Apply data modeling, predictive analytics, decision support tools, and comprehensive reporting to can better monitor, measure, and manage your market and credit risk exposure across multiple silos.
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Measure and manage the market and credit risks of your financial institution across all asset classes, product types and industry sectors.
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Simplify and streamline the entire risk data process using structured and unstructured data.
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Take a predictive approach to risk modeling in a safe and controlled environment. Quantify, model, integrate, test and evaluate scenarios at an aggregated level of data.
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Integrate risk and finance process for business modeling, planning and alignment between strategy and execution.
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Leverage IBM integrated solutions needed for Basel FRTB – addressing a profound change in how banks measure market risk within the trading book.
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Understand and exploit your enterprise’s risk profile to maximize revenue and profit.
Solutions
IBM Algo Aggregation
Accelerate implementation and guide risk planning with a rapidly deployed risk aggregation and reporting solution with interactive analysis.
IBM Algo Credit Manager
Make risk-informed decisions for end-to-end credit risk management and stronger client relationships.
IBM Algorithmics Integrated Market and Credit Risk
Increase trading activity returns with an enterprise solution for financial risk management.
lBM Algo ALM & Liquidity Risk on Big Data
Drive more sophisticated analyses with a robust risk system designed with business-driven interfaces built on high-performance analytical engines.
IBM Risk Service on Cloud
Cut costs and challenges of in-house deployment with a web-based portfolio construction, risk management and reporting service.
Resources
Intesa Sanpaolo applies an internal models approach
Traders at Banca IMI can now assess the impact of potential trades.
Can your risk engine keep pace with growing regulatory demands and data volume?
Traditional risk systems are becoming obsolete and firms are rethinking how to meet this challenge.
How to approach FRTB implementation and risk data aggregation
Fresh insights and best practices from the 2018 Chartis Research survey report.
Redefining GRC with Watson
Today’s ever-increasing flood of regulatory changes and risk challenges demands the right solution to cut clutter and deliver the information that actually affects your business. IBM GRC offers the market’s only AI-driven GRC portfolio —featuring IBM OpenPages with Watson and IBM Watson Regulatory Compliance — to help you better manage and succeed in a rapidly-evolving risk and regulatory environment.
Enhance stakeholder trust and deliver user value to in day-to-day business with:
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Comprehensive, end-to-end GRC portfolio.
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Industry-leading cloud, data and cognitive AI technologies.
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Integrated risk platform, scalability and powerful REST API.
Solutions
IBM OpenPages GRC with Watson
Improve decisions and accelerate time to value with fully integrated GRC solutions.
IBM Watson Regulatory Compliance
Manage regulatory change and streamline compliance with the power of cognitive computing.
Resources
Customer Story
HypoVereinsbank is working with IBM to streamline processes and increase productivity, enabling them to assess and report on risks and controls more accurately, identify areas for improvement, and achieve time savings through automation.
Transform regulatory compliance with the help of IBM Watson
Cognitive computing can help banks streamline operations and reduce regulatory compliance cost.
Empower your risk management strategy
Take a deeper dive into how IBM Watson Financial Services can help understand and manage risk better.
Your power to detect and prevent cyberattacks
Go from monitoring and detecting security risks and threats to understanding and enabling predictive and adaptive capabilities and defenses.
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Proactively identify operational and security threats, reduce costs, and re-focus resources.
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Manage internal and external risks to IT systems, including the ownership, operation, involvement, and influence of IT within an enterprise.
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Improve service delivery to clients, business performance, and resiliency while meeting business objectives and regulatory requirements.
Solutions
IBM Security
Outthink security threats with intelligence, integration, and expertise.
IBM Watson for Cyber Security
Evolve your defenses with security that understands, reasons and learns.
Resiliency Services
Maintain continuous business operations and improve overall resiliency to meet the needs of the always-on.
IBM Trusteer Fraud Protection Suite
Detect, enforce, investigate and remediate fraud quickly and efficiently.
Resources
Case study: Cargills Bank Ltd.
Sri Lanka bank deploys cognitive security technology to proactively augment security capabilities and better safeguard customers.
Winning the face-off against fraud: How the most effective financial institutions are outthinking th
Examine best practices for fighting fraud and learn how to transform your operation to do so.
Get started
Speak with an IBM Financial Services expert.