Thursday, Oct 2, 2014Thursday, Oct 2, 2014
News
 

IBM's supercomputer Watson is DBS' newest wealth management expert

Published on Jan 9, 2014 3:01 PM
 

The supercomputer that took on human competitors in the American gameshow Jeopardy has found a new job: as DBS Bank's wealth management expert.

Watson, which won the US$1 million (S$1.27 million) first prize on the gameshow in 2011, will be able to suggest various financial options for the Bank's high net worth customers.

Customers will not actually get to speak with Watson, but the Bank's wealth management advisors can access Watson's proposed options and make their recommendations.

Watson will throw up its suggestions after "ingesting" thousands of research reports, product information and customer profiles, more than what a wealth management expert can handle, DBS said.

 
If you are not a subscriber, you can get instant, unlimited access here