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Watson, IBM's artificial intelligence and cognitive computing platform, has assisted a wide variety of professionals in managing massive and complex bodies of data. Now, it has turned to financial regulations.

Technology behemoth IBM has launched a suite of cognitive solutions designed to help financial institution professionals manage their regulatory responsibilities and ease compliance burden through Watson, its artificial intelligence computing platform.

The Watson-powered software is designed to help financial professionals in three areas: understanding regulatory requirements; increased insight into potential financial crimes; and managing financial risk, IBM said in a statement.

The solutions aim to help firms manage compliance issues, which according to IBM, currently consumes 10 to 15 per cent of operational spending budgets among major banks.

The first solution is Watson Regulatory Compliance, which helps financial institutions better understand and address the constantly changing regulatory landscape. It will help simplify the daily, manual activities of compliance professionals by providing a company-specific view of regulatory requirements. 

Another solution is the IBM Financial Crimes Insight with Watson. This will use cognitive computing to accelerate due diligence activities and help organisations more effectively understand and manage the excess of anti-money laundering alerts generated by transaction monitoring systems. 

Lastly, IBM has also launched the Algo Big Data Foundation, which will help clients achieve the performance required to address regulatory compliance.  The solution integrates Big Data technology with the core risk data management applications of Algo One. This enables financial firms to examine risk in a shorter amount of time with an intuitive user interface. The solution is designed to encou

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What’s in a pronoun? Does he, him, his not apply to every person who is perceived as a male? Or she, her, hers to a perceived female? In our non-binary world, they do not. For non-binary or genderqueer individuals, and those who relate to gender in a fluid way, to be misgendered can be a micro-aggression, or worse, harassment.

I use “non-binary” as an umbrella term to represent those whose gender identity does not sit comfortably with male or female. Non-binary identities are varied and can include people who identify with some aspects of binary identities, while others reject them entirely. Some identities included in this umbrella would be genderqueer, gender non-conforming, agender and genderfluid.

International Non-Binary Day on July 14  is a good time for all of us to truly see those around us. Of course, with so many still social distancing due to coronavirus, this may need to be done remotely. Yet inclusive contact—even virtual—among human beings is more vital than ever. So within our circles of family and colleagues, where we feel safe to do so, it is worth asking: what are your pronouns? Or in other words, how do you relate to your gender?

Even Tiny Words Can Cause Harm

To transgender and non-binary persons, the correct pronouns really matter. Non-binary persons may use pronouns that are neither masculine nor feminine, such as “they” or “ze.” Transgender persons may use pronouns connected to their authentic, rather than their assigned gender.

Pronouns are among the shortest words in the English language. And yet, when improperly applied, they can cause serious psychological harm. For those who know that their physical body does not reflect their true gender, misgendering can make them feel disrespected, invalidated, dismissed or alienated. It is a further source of distress, anxiety and depression.

Non-binary Genders Since Antiquity

It is important to note that more than tw

Royal Bank of Canada has appointed Heather Munroe-Blum and Bridget van Kralingen to its board of directors.

Dr Munroe-Blum is a member of the Science, Technology and Innovation Council of Canada as well as the committee on research universities of the National Research Council in America. She is the principal and vice chancellor of Montreal-based McGill University, and a director of several organizations. In addition, Dr Munroe-Blum is a fellow of the Royal Society of Canada.

Van Kralingen is the general manager of North America, IBM Corporation in New York, responsible for strategy, execution, business results and client satisfaction for IBM's businesses in Canada and the US. She is also a member of the advisory board of Catalyst, the non-profit organization which aims to increase business opportunities for women. Van Kralingen is a former managing partner of Deloitte Consulting, where she worked in the financial services division in the US as well as the strategy and organizational development practice in South Africa.