Le Lézard
Classified in: Science and technology, Business
Subject: PLW

GreenKey Files Patent on MiFID II Solution: Voice to Electronic Quote


CHICAGO and NEW YORK, May 9, 2017 /PRNewswire/ -- GreenKey Technologies, creator of an artificial intelligence (AI) and voice-driven collaboration tool for financial market participants, announced today that the U.S. Patent and Trademark Office has accepted its application for human speech-to-text and subsequent interpretation of spoken financial trades in a fast and accurate manner.

Green Key Technologies provides the most comprehensive, advanced voice workspace environment for firms involved in the financial markets. Green Key provides hundreds of the world's largest banks, brokerage firms and trading firms with softphone capabilities over a secure voice network without hardware, enabling users to access the software from any device and push-to-talk concurrently in real time with an unlimited number of users.

The speech engine, "GreenKey Scribe," is trained on terabytes of financial conversations and allows for human error correction to achieve industry-leading transcription accuracy. Scribe uses proprietary decoding techniques to transcribe audio up to 10 times faster than other engines and includes natural language processing libraries called Product Class Interpreters to automatically extract relevant data from a conversation.

The tool was designed to help firms comply with MiFID II, which requires the capture of all communications and orders intended to lead to an execution, even if they do not result in a trade. This is especially difficult if the quoting and trading takes place over the phone.  With GreenKey's patent-pending speech-to-text solution, quotes and trades can be extracted directly from historical or real-time conversations and then fed into any execution, analytics or compliance system. 

Anthony Tassone, Chief Product Officer of GreenKey Technologies, said: "Scribe learns the nuances of each spoken instrument from the error corrections provided by the user, ultimately enabling accuracy levels as high as 98 percent. By voice-enabling the trader's workflow, you can maintain a complete audit trail of all voice conversations searchable by quote as well as voice-populating trade tickets or internal systems up to 10 times faster than typing."

Tejas Shastry, Ph.D., Vice President of Data Science for GreenKey Technologies, said: "GreenKey Scribe combines deep-learning speech recognition, speaker boundary detection and natural language processing to deliver accurate transcriptions with rich, well-formatted metadata. Our multi-faceted approach and focus on both speed and accuracy has made Scribe adaptable to many different workflows." Scribe is fully containerized for either hosted or on-premise deployments, and audio can come from any third-party phone, trading turret or historical file as well as our own GreenKey Voice platform.  Scribe is truly end-point agnostic and designed for the regulated enterprise."

About GreenKey Technologies

GreenKey Technologies provides an AI-driven voice interface that combines financial market telephony, cloud technology and machine learning into an innovative solution that transforms voice into data and redefines regulated collaboration.  The firm's patented software turret functionality, mobility suite and patent-pending advanced speech recognition integrate to make voice communication significantly simpler, smarter and more cost-effective. For more information, please visit www.greenkeytech.com or follow the firm on Twitter, @GreenKeyTech, or on LinkedIn.

Photo - http://mma.prnewswire.com/media/329025/prn_approved__green_key_logo_Logo.jpg

 


These press releases may also interest you

at 00:30
Frost & Sullivan recently researched the data center colocation services industry and, based on its findings, recognizes STT GDC India with the 2023 Indian Company of the Year Award. STT GDC India is a pioneer data center solutions provider that...

at 00:25
Shanghai Junshi Biosciences Co., Ltd ("Junshi Biosciences," HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced its financial...

at 00:24
In the news release, Roborock Reports 2023 Full Year Financial Results, issued 28-Mar-2024 by Roborock over PR Newswire, we are advised by the company that in the first bullet point of "Growth across Product Categories", the USD amount should read...

28 mar 2024
The opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2024 was held in Boao, south China's Hainan Province on Thursday, with China's top legislator Zhao Leji stressing China's economic potential, appealing to international investors...

28 mar 2024
OKX Ventures, the investment arm of leading Web3 technology company OKX, has issued updates for March 29, 2024. OKX Ventures...

28 mar 2024
Curio Legacy Ventures (Curio), a frontrunner in nuclear technology innovation, proudly announces a strategic partnership with Navarro Research and Engineering, Inc. (Navarro). This collaboration signals a significant step forward in advancing nuclear...



News published on and distributed by: