GreenKey Technologies Secures Strategic Investment from IPC

GreenKey Technologies Secures Strategic Investment from IPC

GreenKey Technologies (GK) and IPC have strengthened their relationship with a strategic investment that gives IPC exclusive rights to GreenKey’s machine learning voice solutions. The deal combines GK’s markets and customer insight extraction technology with IPC’s trading communications background and cloud-based financial ecosystem of more than 6,400 market participants.

“IPC and the OTC market at large have recognized the value in our patented natural language processing solutions,” GreenKey CEO Anthony Tassone said. “GK’s rapidly growing team looks forward to refining the exclusive synergies created by this partnership. He thanked IPC CEO Bob Santella for his “mentorship and guidance through the next phase of GK’s evolution.”

Tassone will become an IPC advisor as part of the strategic investment, with Santella joining GK’s board of directors. Former GreenKey CEO Nader Shwayhat will return to the company’s advisory board.

IPC and GreenKey have a history. The two companies collaborated as recently as last month to develop technology that will convert real-time voice into useable data for financial market participants. GreenKey’s speech recognition and natural language processing platform turns complicated financial jargon and terminology embedded in real-time audio and text into actionable insights. The platform also helps sell side firms automate sales and trading workflows by converting unstructured communication streams into structured data solutions.

IPC will deploy GreenKey’s technology to its IPC Unigy 360 platform to transform voice quotes and trades into a streaming transcript in real-time that is visible on the trader’s desktop. And by matching quotes and trades to conversational text, the technology provides an enhanced real-time price feed that unifies communications among market participants for greater visibility and more efficient trading.

“Our investment in GreenKey is a powerful step in furthering financial services market transformation through artificial intelligence, natural language processing, and data optimization innovation,” IPC’s Santella said.

GreenKey Technologies participated in our developers conference, FinDEVrNewYork 2016, demonstrating its voice software and VoIP network solution. Founded in 2014, and headquartered in Chicago, Illinois, GreenKey – in partnership with IPC – won the 2018 American Financial Technology Award (AFTA) for Best Partnership or Alliance in December.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

GreenKey Teams Up with IPC to Develop AI-Based Speech Recognition Solution

GreenKey Teams Up with IPC to Develop AI-Based Speech Recognition Solution

GreenKey Technologies, an AI-powered voice collaboration platform for financial markets, has formed a partnership with IPC to develop a solution that will convert real-time voice into useable data for financial market participants. The partnership combines IPC’s expertise in trading communications – and its cloud financial ecosystem of more than 6,000 financial market players – with the machine learning technologies of GreenKey.

Specifically, the new solution will automatically transcribe spoken conversations, extracting quotes and trades from verbal conversations by leveraging GreenKey’s patented natural language processing libraries. The new solution also will extract key terms, phrases, speaker identities as well as sentiment in order to provide accurate summaries of conversations.

Nader Shwayhat, CEO of GreenKey since March of last year, said that the agreement combined the efforts of two of the industry’s most innovative companies working in the voice software/integrated speech recognition space. “IPC and GreenKey are leading the industry into a new era of voice-driven workflows and analytics,” Shwayhat said. “We are thrilled to be working with the outstanding IPC organization and look forward to transforming the way capital markets participants manage their voice workflows.” Speaking for IPC, SVP for Product and Customer Success Don Henderson added that the announcement was “powerful news for the market.”

GreenKey and IPC have been collaborating on the new, voice-to-data solution for a year. The goal is a technology that will make it easy for IPC customers to “harvest” their audio streams and structured textual data to improve workflows for the front-, middle-, and back-office. Use cases range from integrating voice streams into compliance, surveillance, and business analytics systems to voice-populating trade tickets, capturing in-stream orders and quotes, and integrating call transcripts with CRM systems.

GreenKey Technologies participated in our developer’s conference, FinDEVr New York 2016, where members from the company’s engineering team demonstrated GreenKey’s voice workspace with biometric login, video call, instant messaging, and more. Founded in 2014 and headquartered in Chicago, Illinois, GreenKey Technologies released its voice API via OpenFin’s plug-in architecture earlier this month. The company finished 2017 by joining Symphony Software Foundation and, earlier in the year, won a patent for its speech-to-text technology and announced a partnership with voice recording technology specialist Red Box Recorders.

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Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.