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Promontory Financial Group Signs Up With IBM

Promontory’s expertise combined with Watson, IBM’s artificial intelligence computer system, would help banks meet ever-rising regulatory expectations

By

Promontory Financial Group, one of the best-connected and most powerful financial consultancies, is selling out.

The Washington-based firm has agreed to be bought by International Business Machines Corp., which plans to set up a new unit combining Promontory’s consultants with its own artificial-intelligence technology to advise clients on financial regulation.

Privately held Promontory was founded in 2001 by Eugene Ludwig, a...

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