IBM Signs DBS to Fledgling Watson Group

DBS is the first financial institution that has publicly taken IBM's new services.

Singapore-based DBS has signed IBM's Watson Group to handle big data requirements in its wealth management division.

The second half of the year will see DBS take on Watson Engagement Adviser, a cloud-based offering that focuses on customer service, marketing and sales. As part of the deal, the bank will also take a host of other services from Big Blue, including analytics packages.

"In the digital era, consumers' ability to access information and make choices has changed dramatically, and new technologies are revolutionising our way of life," says Piyush Gupta, CEO at DBS. "To remain relevant, we need to continuously innovate. At DBS, we have been on a journey to shape the future of banking, and this collaboration with IBM enables us to explore ways to better harness data, providing more precise, customized and quality solutions that correspond to our clients' needs."

IBM's Watson Group was announced yesterday at an event in New York. Focusing on cloud-delivered big data solutions, it will have a $1 billion investment from the firm.

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: