From Silicon Republic
The power of IBM Watson’s analytical tools is now going to be harnessed within the financial sector to catch rogue traders in action.https://www.siliconrepublic.com/machines/ibm-watson-catching-rogue-tradersDespite happening six years ago, the analytical artificial intelligence (AI) system IBM Watson is still best known for taking on humans in the American game show, Jeopardy!
Since then, however, IBM has utilised Watson in various sectors, most notably within healthcare, where it makes tracking of patients and data much more efficient.
Also, in recent months, IBM Security revealed to Siliconrepublic.com that AI and IBM Watson are also being used fight cybercrime as part of a “game of wits” with hackers.
Now, according to the The Wall Street Journal, it is trying its hand at being a detective in the financial sector in order to spot any potential rogue traders.
Referred to as Watson Financial Services, the new product will become a monitoring tool within companies to search through every trader’s emails and chats, combining it with the trading data on the floor.
The objective? To see if there are any correlations between suspicious conversations online and activity that could be construed as rogue trading.
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