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Watson Teams Up with Standard Bank in Africa

By   /  October 20, 2014  /  No Comments

Oluwabusayo Sotunde of Ventures Africa reports, “Africa’s most innovative bank, Standard Bank Plc has reached an agreement with leading IT services provider, IBM to implement the latter’s new Watson technology.”

watsonOluwabusayo Sotunde of Ventures Africa reports, “Africa’s most innovative bank, Standard Bank Plc has reached an agreement with leading IT services provider, IBM to implement the latter’s new Watson technology. IBM’s Watson technology breaks traditional barriers in computing by embracing artificial intelligence, natural language processing and dynamic learning when assisting customers and businesses with the interpretation of data. Head of Innovation and Channel Design at Standard Bank, Vuyo Mpako explained that the bank partnered with IBM so it could consolidate the technology into its operating system. This would enable Standard Chartered efficiently interpret and maximise its data.”

She continues, “According to Mpako, ‘Piloting Watson is about doing the right things better and taking a major step in our commitment to provide banking services and solutions that are built around our customers and offer enhanced banking experiences.’ He noted that the incorporation of this technology, which has been used notably in the healthcare sector, will largely benefit the bank’s customers, for whom the process-known as ‘cognitive computing’ will undoubtedly bring many benefits.”

Read more here.

Image: Courtesy IBM

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