IPC, a leading global provider of secure, compliant communications and networking solutions for the global financial markets, announced today the launch of a new, managed voice trading dictation solution: Dictation as a Service. Dictation as a Service brings together GreenKey Technologies’ industry-leading cloud-based speech recognition (automatic speech recognition) and natural language processing (NLP) engine with IPC’s unparalleled Connexus Cloud financial ecosystem. 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 award-winning Blotter visualisation application.
Utilising the Blotter application, Dictation as a Service provides a powerful, industry-first end-user solution for converting unstructured voice trade data into a searchable, exportable structured data format in real-time. Dictation as a Service provides a simplified way to integrate NLP while Connexus Cloud provides the infrastructure to scale.
Members of IPC’s financial ecosystem of nearly 7,000 firms and 200,000 traders 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
“Timely communication is critical for traders,” said Bob Santella, Chief Executive Officer, IPC. “The combined capabilities of IPC and GreenKey empower traders to take advantage of state-of-the-art speech recognition technologies to create workflow efficiencies.”
“Our collaboration with IPC continues to provide traders with the necessary tools for success,” said Anthony Tassone, Chief Executive Officer, GreenKey Technologies. “Much like Blotter, this industry-first solution will enhance trader productivity by providing unparalleled NLP capabilities.”
IPC’s Dictation as a Service is platform-independent, and supports IPC’s award-winning Unigy solution, third-party trading communications systems, and PBX users.
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