IBM Announces Planned Acquisition of Promontory to Transform Regulatory Compliance with Watson

IBM today announced plans to acquire Promontory Financial Group, a global market-leading risk management and regulatory compliance consulting firm. Upon close, the capabilities of Promontory combined with IBM's deep industry expertise and Watson’s cognitive capabilities will directly address the massive operational effort and manual cost of escalating regulation and risk management requirements. E-mail this page Save to Digg this

Posted on: 28 September 2016 | 10:01 pm

IBM Foundation Collaborates with AFT and Education Leaders to Use Watson to Help Teachers

Teachers will have access to a new, first-of-its-kind, free tool using IBM’s innovative Watson cognitive technology that has been trained by teachers and designed to strengthen teachers’ instruction and improve student achievement, the IBM Foundation and the American Federation of Teachers (AFT) announced today. E-mail this page Save to Digg this

Posted on: 28 September 2016 | 7:01 am

Industry Leaders Establish Partnership on AI Best Practices

Amazon, DeepMind/Google, Facebook, IBM and Microsoft today announced that they will create a non-profit organization that will work to advance public understanding of artificial intelligence technologies (AI) and formulate best practices on the challenges and opportunities within the field. Academics, non-profits, and specialists in policy and ethics will be invited to join the Board of the organization, named the Partnership on Artificial Intelligence to Benefit People and Society (Partnership on AI). E-mail this page Save to Digg this

Posted on: 28 September 2016 | 4:58 am

Blockchain Adoption Moving Rapidly in Banking and Financial Markets: Some 65 Percent of Surveyed Banks Expect to be in Production in Three Years

Commercial blockchain solutions are rapidly being adopted throughout banking and financial markets, dramatically faster than initially expected, finds two new IBM studies. Fifteen percent of banks and 14 percent of financial market institutions interviewed by IBM intend to implement full-scale, commercial blockchain solutions in 2017. Mass adoption isn’t that far behind with roughly 65 percent of banks expecting to have blockchain solutions in production in the next three years. E-mail this page Save to Digg this

Posted on: 28 September 2016 | 4:31 am

Clarient Global Adopts IBM Cloud, VMware for Enhanced Private Cloud Capabilities

IBM today announced that Clarient Global LLC (“Clarient”), a joint venture established to transform client data and document management in the financial services industry, has selected VMware Cloud Foundation on IBM Cloud to continue to enhance its existing SoftLayer private cloud implementation for its Clarient Entity Hub platform. E-mail this page Save to Digg this

Posted on: 28 September 2016 | 4:14 am

IBM Cloud to Accelerate Bank Sohar’s Digital Transformation

IBM announced today that Bank Sohar, one of the leading financial institutions in the Sultanate of Oman, has selected IBM Cloud and mobile to accelerate its digital transformation. This will allow the Bank to enhance its information technology infrastructure, boost its client service capabilities and elevate the overall customer experience. E-mail this page Save to Digg this

Posted on: 28 September 2016 | 2:02 am

CLS to develop a payment netting service to provide further efficiencies and resilience to the foreign exchange market

CLS Group (CLS), a leading provider of risk management and operational services for the global foreign exchange (FX) market, has announced its intent to release a payment netting service, CLS Netting, for buy-side and sell-side institutions’ FX trades that are settled outside the CLS settlement service. E-mail this page Save to Digg this

Posted on: 27 September 2016 | 5:30 am

IBM Unveils Industry’s First Platform to Integrate All Data Types for AI-Powered Decision-Making

IBM today unveiled “Project DataWorks,” a Watson initiative that is the industry’s first cloud-based data and analytics platform to integrate all types of data and enable AI-powered decision-making. Project DataWorks is designed to make it simple for business leaders and data professionals to collect, organize, govern and secure data, so they can gain the insights needed to become a cognitive business. E-mail this page Save to Digg this

Posted on: 27 September 2016 | 3:25 am

IBM Provides Real-Time Payment Processing for Banks with new Financial Transaction Manager for Immediate Payments

SIBOS: IBM today announced new offerings to help commercial banks rapidly provide new services for customers by using real-time payments. This will allow banks to take advantage of new immediate payments schemes now in development across the United States, Europe and Asia. Once these immediate payment networks are fully in place, consumer transactions will clear in seconds, speeding access to funds such as payroll and insurance claims reimbursements. E-mail this page Save to Digg this

Posted on: 25 September 2016 | 11:08 pm

IBM and China UnionPay E-payment Research Institute Share Bank Card Bonus Points Among Multiple Banks Using Blockchain

At the Shanghai International Blockchain Week 2016, IBM and China UnionPay E-payment Research Institute previewed the demo of a collaborative project on loyalty bonus points exchange among multiple banks using blockchain technology. With a few simple and quick steps, consumers will be able to exchange bonus points from among any of the banks they do business with to select the rewards they want. E-mail this page Save to Digg this

Posted on: 22 September 2016 | 8:01 pm