IPC & GreenKey Technologies co-develops Dictation as a Service
By Pavithra R
IPC, a technology and service leader that powers financial markets globally along with GreenKey Technologies, a provider of an end-to-end platform for natural language processing (NLP), has announced the launch of a new managed voice trading dictation solution: Dictation as a Service.
Dictation as a Service combines GreenKey Technologies’ cloud-based speech recognition (automatic speech recognition) and NLP engine with IPC’s Connexus Cloud financial ecosystem. It provides a simplified way to integrate NLP while Connexus Cloud provides the infrastructure to scale. The service enables financial traders to “dictate” trade jargon via a dedicated IPC private wire, and consume the output transcribed in real-time via GreenKey’s and IPC’s co-developed Blotter visualization application.
Utilizing the Blotter application, Dictation as a Service provides an end-user solution for converting unstructured voice trade data into a searchable, exportable structured data format in real-time. Dictation as a Service is platform-independent and supports Unigy solution, third-party trading communications systems, and PBX users.
“Timely communication is critical for traders. The combined capabilities of IPC and GreenKey empower traders to take advantage of state-of-the-art speech recognition technologies to create workflow efficiencies,” said Bob Santella, Chief Executive Officer, IPC.
Members of IPC’s financial ecosystem can leverage Dictation as a Service for:
- Driving efficiencies in voice trading workflows
- API integration to premier chat services
- Creating automated text records of voice trades
- Providing a trader’s consolidated daily tape
- Searching through structured voice data to reconstruct trades
- Supporting internal and external regulatory compliance requirements
“Our collaboration with IPC continues to provide traders with the necessary tools for success. Much like Blotter, this industry-first solution will enhance trader productivity by providing unparalleled NLP capabilities,” said Anthony Tassone, Chief Executive Officer, GreenKey Technologies.
Recently, Vela & IPC announced market data partnership, leveraging cloud for market data.
Established since 1973, IPC is a technology and service leader powering the global financial markets. It helps clients anticipate change and solve problems, setting the standard with industry expertise, service, and comprehensive technology.
IBSi Daily News Analysis
May 30, 2023
Are AI chatbots useful in fighting cyberattacks?Read More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage