IBM Watson Platform in AI in Fintech Solutions

IBM is one of the leading players operating in the AI in Fintech market. It offers financial services to a large number of financial institutions. It also offers risk and compliance understanding to handle regulatory requirements as well as enhance productivity to meet the compliance requirements. Its solutions help financial professionals understand financial crimes, regulatory requirements, and financial risks by providing advanced approaches for data.

USP : The IBM Watson platform offers various products and services for the AI in Fintech market; Watson Financial Services delivers solutions such as Customer Insight and Risk & Compliance for the financial industry. The Customer Insight solution includes cognitive capabilities that help identify the behavior of customers.

2.5
BUYERS
VENDORS
2.5
EXPERTS
4.2
ANALYSTS
 

IBM Watson Platform detailed analysis

Product Maturity
Company Maturity
Use Case Maturity
Most IMPORTANT
0.0
0.0
0.0
Product Features and Functionality
4.40
4.45
4.35
Product Quality and Reliability
3.40
3.10
2.70
Deployment
3.30
3.30
3.05
Services
4.55
4.30
4.20
LEAST IMPORTANT LESS IMPORTANT

PARTICIPATING QUADRANTS

IBM Watson Platform has chosen it’s strengths in these 3 territories
  • Niche Quadrant

    All-Europe

    35 Participants

  • Niche Quadrant

    All-Middle East and Africa

    25 Participants

  • Niche Quadrant

    All-Asia-Pacific

    32 Participants

REGIONS
North America Middle East and Africa Latin America Europe Asia-Pacific
STRENGTHS
  • Product Maturity
    Exceptional Services
    IBM Watson Financial Services consist of cognitive capabilities that help organizations gain traditional demographic views and policies to analyze the preferences and profitability of customers Show More
  • Product Maturity / Product Enhancement Development / Product...
    Enhanced Product Offerings
    The company launched a set of cognitive solutions that covers software powered by Watson to be installed on the IBM cloud. The solution provides an advanced approach to financial professionals in order to better understand financial risks and crimes and regulatory requirements. Show More
  • Product Maturity / Mode / Cloud
    A Complete Fintech Solution
    The IBM Watson platform combines blockchain, cognitive, and big data analytics technologies for regulatory compliance. Show More
  • Product Maturity / Customer Behavioral Analytics / Debt Coll...
    Reduces Finacial Fraud
    The identity verification process in financial institutions can be shortened with the use of this platform, thereby helping organizations to comply with regulations and help reduce fraud. A common protocol is also established by this platform to run background checks, using the IBM Blockchain service to decentralize records while keeping data highly secure. Show More
  • Product Maturity / Business Analytics and Reporting / Data g...
    Simplifies Process
    Watson's capability of natural language processing is used to train in the language of the regulation. IBM began the process of feeding regulations from varied sources into the system to identify potential obligations, which will help simplify manual activities of compliance professionals on a regular basis. Show More
  • Product Maturity
    Helps Financial Professional
    IBM Watson helps financial professionals understand regulatory requirements, deliver insights related to financial crimes, and manage financial risks with a unique architectural approach for data. Show More
  • Product Maturity / Core Features
    Cross-platform functionality
  • Company Maturity / Partner Ecosystem
    Consultants
  • Company Maturity / Partner Ecosystem
    Distributors
  • Company Maturity / Partner Ecosystem
    Managed Service Providers
  • Company Maturity / Partner Ecosystem
    OEMs
  • Company Maturity / Partner Ecosystem
    System Integrators
  • Company Maturity / Partner Ecosystem
    Value Added Resellers (VAR)
  • Product Maturity / Support Services
    Sales Support
  • Product Maturity / Support Services
    Technical Support
  • Product Maturity / Pre-Sales Support Activity
    Dedicated Account Manager (DAM)
  • Product Maturity / Pre-Sales Support Activity
    Product Demos
  • Product Maturity / Pre-Sales Support Activity
    Proof of Concept
  • Product Maturity / Pre-Sales Support Activity
    Software Requirement Specification (SRS)
  • Product Maturity / Business Analytics and Reporting
    Data gathering
WEAKNESSES
  • Product Maturity / Business Analytics and Reporting / Busine...
    Lack of Visualization
    The look of the charts cannot be customized.
  • Product Maturity / Core Features / Accessible analytics
    Compatibility issue
    It is not compatible with HTML and doc formats.
  • Product Maturity / Support Services / Customer Support
    Poor Customer Support
    There are no responses despite raising multiple tickets.
  • Company Maturity / Financial Strength
    Profitability
  • Company Maturity / % Revenue from Regions
    Revenue - Latin America
  • Company Maturity / % Revenue from Regions
    Revenue - Middle East and Africa
  • Product Maturity / Product Quality and Reliability
    R&D Spend
  • Company Maturity / Effectiveness of Organic Growth Strategy
    Business Expansion Strategy
  • Company Maturity / Financial Strength
    Forecasted Revenue Growth Rate
  • Company Maturity / Effectiveness of Organic Growth Strategy
    New Applications
  • Company Maturity / Effectiveness of Organic Growth Strategy
    New Customers in Last Two Years
  • Company Maturity / Mergers and Acquisitions Served
    No. of Joint Ventures
  • Company Maturity / Mergers and Acquisitions Served
    No. of Mergers and Acquisitions
  • Company Maturity / Effectiveness of Organic Growth Strategy
    No. of New Products Launched
  • Company Maturity / Mergers and Acquisitions Served
    No. of Partnerships and Collaborations
  • Company Maturity / % Revenue from Regions
    Revenue - Asia-Pacific
  • Company Maturity / Financial Strength
    Revenue Growth Rate (Y-o-Y)
  • Company Maturity / Channel Strategy and Fit
    Strategy to Address New Target Audience
  • Company Maturity / Channel Strategy and Fit
    Distributors
  • Product Maturity / Customer Behavioral Analytics
    Automated Customer Support
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TOP FEATURES
  • Product Features and Functionality
    Customer Behavioral Analytics
  • Product Features and Functionality
    Core Features
  • Product Features and Functionality
    Business Analytics and Reporting
  • Business Analytics and Reporting
    Data gathering
  • Customer Behavioral Analytics
    Debt Collection
  • Core Features
    Cross-platform functionality
  • Mode
    Cloud
  • Services offered
    Consulting & Training
  • Product Enhancement Development
    Product Upgradation
  • Core Features
    Money-Laundering Prevention

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IBM Watson Platform Presence in AI in Fintech Solutions

Questions & Answers

TOP REVIEWS

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Global Head - Service and Product Development,Company Name Classified
Global Head - Service and Product Development, Company Name Classified
#1 in AI in Fintech Solutions

“IBM Watson Financial Services: Perfect for institutions struggling to comply with regulations"

(*)(*)(*)(*)(*)5
With the increasing number of regulations in the financial sector, the complexity of handling them has also increased. Banks and financial institutions, are struggling to not only keep up with the dynamic regulations but also to comply with them 100%. This is making them spend unnecessarily high amounts of money to tackle this issue. In such a scenario, it is IBM Watson Financial Services that comes to the rescue. This platform uses AI as well as ML to identify and present incidences spanning across financial crimes and risks and GRC (governance, risk, and compliance). It helps banks that have limited clarity on what to expect and what obligations to fulfil when it comes to important regulations pertaining to KYC, AML, and the like. IBM’s regtech developments help tackle this issue and assists these institutions in making sound decisions, in a cost-efficient manner. With the increasing volumes of data that is being processed through these organizations, it is highly likely that they are going to need AI to handle as many issues as it can, so that their executives have time to carry out more important tasks.
Other,Company Name Classified
Other, Company Name Classified
#1 in AI in Fintech Solutions

“A great AI platform to use in your business"

(*)(*)(*)(*)(*)5
A great cognitive tool to help you keep up, deal with, and comply with the ever-changing regulations in the financial sector. As a cognitive AI tool, it will guide you about important determiners such as customer behavior, patterns in their behavior, risk analysis, and help you manage your risks wrt regulatory compliance. This plays a major role in meeting our customer requirements, and providing them more personalized campaigns, without compromising on compliance.