Watson goes to Wall Street: IBM to acquire Promontory Financial Group
October 03, 2016
Consulting Services | Washington, DC | Corporate Acquisition
IBM (NYSE: IBM) has agreed to acquire Promontory Financial Group, a risk management and regulatory compliance consulting firm. The deal brings together Promontory's professionals and IBM's AI, Watson, which will learn to address the operational effort and manual cost of escalating regulation and risk management requirements by continuously ingesting information created through interaction with real-world applications. The acquisition is expected to close later this year.