IBM’s Watson won Jeopardy, but can it win bank business?

IBM’s computer system, known as Watson, seen at IBM’s research centre in Yorktown Heights, N.Y., in 2013, is touted to be able to save companies billions of dollars – if they’re able to pay for it. (ibm/Associated Press) International Business Machines Corp. is in an unusual fix in telling big U.S. banks they can use its Jeopardy-winning Watson software as a cost-saving solution: Bankers say they like it, but cannot afford it.IBM is in good company. Banks are in the fifth year of belt-tightening campaigns that began in 2011, chasing billions of dollars’ worth of savings, and vendors that offer everything from technology to janitorial services are getting squeezed. With persistently low interest rates hurting revenue and businesses such as bond trading hemmed in by new regulations, few on Wall…

Link to Full Article: IBM’s Watson won Jeopardy, but can it win bank business?

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