Keeping up with regulatory change is placing a significant burden on financial institutions. According to a report by Boston Consulting Group in 2017, the number of individual regulatory changes that banks must track on a global scale has more than tripled since 2011, to an average of 200 revisions per day. This burden is expected to only grow in the coming years with estimates as high as 300 million+ pages of regulatory documents expected to be published by 2020. How can institutions cope? IBM Watson has been trained by regulatory experts from Promontory Financial Group in understanding regulatory requirements, delivering increased insight into potential financial crimes, and managing financial risk with a new architectural approach for data.
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