Compliance Officers

can save billions on regulatory costs.

By 2020, there may be more than 300 million pages of banking regulations worldwide. Keeping pace is daunting and expensive: Banks spend about $100 billion per year on compliance efforts, and $150 billion more on fines and penalties. Promontory Financial Group, an IBM company, is training Watson on these complex financial compliance laws, giving it the ability to provide decision support on everything from reporting requirements for derivatives to consumer protection for mortgages—helping to safeguard banks, their customers and the global economy.