Mizuho Bank employs IBM Watson to fight financial crime

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August 24 2017

Mizuho Bank has selected IBM’s recently announced regtech offering IBM Financial Crimes with Watson *2 that efficiently manages all financial crimes investigation efforts through streamlined research and advanced investigation techniques. The Watson-powered software, which runs on the IBM Cloud, analyzes a wide range of data sources, including retrieving various news sources and extracting data using screening technologies, that were previously done by hand.

This can efficiently verify financial crimes investigation efforts such as criminals including terrorists sneaking into the customer base. Mizuho’s test will take place in Singapore, which is at the center of the growing Asian market and a country that proactively imposes anti-crime regulations and incorporates FinTech.