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Will IBM Watson Endanger RegTech Startups in 2017?

IBM Watson is probably one of the wonders of modern technological advancements and a crown jewel of the IBM Corp. The company made its bet on advancing Watson to swoop into a range of industries and in the nearest future, IBM could become the primary player across verticals that startups should worry about.

RegTech has been rapidly gaining financial traction and boosting its adoption rates over its relatively short history. The need and demand for regulatory technology have been fueled by the increasing cost of compliance and inefficiency of legacy systems in place among other factors. Some recent estimates suggest that over 300 million pages of regulatory documents will be published by 2020 and over 600 legislative initiatives need to be cataloged by a medium-sized sell-side institution in order to have a ho ...

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