DBS Bank and IBM have signed an agreement in which DBS will deploy IBM’s Watson cognitive computing.

DBS intends to apply Watson to its wealth management business. Watson is a cloud-based technology that can process enormous amounts of information with the ability to understand and learn from each interaction. DBS’ implementation of IBM’s cloud-based Watson Engagement Advisor solution – is targeted for rollout in the second half of the year.

DBS will also leverage a comprehensive portfolio of IBM solutions which include business consulting, advanced analytics, hardware and IBM Research assets.

DBS is a financial services group in Asia, with over 250 branches across 16 markets.

[Image courtesy: DBS]