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ARTICLE · 20 JUNE 2016

Artificial Intelligence Set To Wow The Finance Sector's Traditional Intelligence

You may have heard of IBM Watson already, but in case you haven't: it's a cognitive computing capability that is commercially available.

LuxembourgFinance and Banking

You may have heard of IBM Watson already, but in case you haven't: it's a cognitive computing capability that is commercially available. Named after IBM's first CEO, Watson beat two champions of the game-show Jeopardy back in 2011, and more recently has spent some time watching popular films, even making the astute observation that Han Solo is among the most neurotic of characters in the Star Wars universe, suggesting that underneath the cool exterior is perhaps a more complex constellation of emotions—I don't think he's wrong. (He also had opinions on the Harry Potter series).

But of course, plenty of people have plenty of plans for the intelligent robot outside of TV and film. Blockchain enthusiasts will be happy with the news that Watson could potentially enable regulators to easily find anomalies by having Watson scan huge volumes of past transactions or even help devices that use distributed ledgers self-diagnose errors. These applications are perhaps just the

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