Citibank calls on Watson for risk management advice


Citibank is exploring potential uses for IBM‘s Jeopardy!-beating Watson super computer in the financial sector. Citi is aiming to become the US‘ leading digital bank, and is looking to Watson to help analyse risks on loans and investments as well as improve its customer interactions. The system is being trained to process a range of financial and economic data, including SEC filings, prospectuses, and previous loan performances, along with deep content analysis of wider data including news sources and Facebook in order to gauge public opinion and confidence. Citi will then be able to ask Watson to analyse a potential deal and offer advice on the risks involved in any deal and the likelihood of the bank getting a return on its investment.

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