IBM and Thomson Reuters to simplify how financial institutions tackle regulatory compliance challenges

IBM (NYSE: IBM) and information giant Thomson Reuters (NYSE:TRI) have teamed up to help banks address ever-growing regulatory requirements through the powerful combination of artificial intelligence (AI) and real-time regulatory insights.

IBM and Thomson Reuters Regulatory Intelligence will offer financial institutions access to IBM Cloud’s RegTech solution. The two companies  collaboration will enable risk and compliance professionals to keep pace with regulatory changes, manage risk and reduce the overall cost of compliance.

Combining worldwide regulatory-specific content, AI and advanced analytics, IBM OpenPages with Watson provides visibility into pending regulatory changes to take the guesswork out for compliance professionals. It also helps project exactly what business impact those changes will likely have on the organization,” said Alistair Rennie, General Manager – Watson Financial Services, IBM. “This regulatory intelligence solution developed with Thomson Reuters brings a new level of insight and intelligence to the complex challenges of regulatory compliance.

Collaborating with IBM enhances access to Thomson Reuters industry-leading regulatory insights, news analyses and research, providing compliance professionals in financial services and other industries the tools they need to manage regulatory change and complexity in a single framework,” Chris Carlstead, head of partnerships and alliances for Thomson Reuters Corporates Segment, commented. “Combining our content with IBM’s exceptional AI technology on a platform will dramatically transform the way risk professionals manage their daily compliance burden.

Thomson Reuters and IBM have been collaborating on AI and data intelligence since 2015. The new solution is available worldwide to OpenPages customers beginning today.

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