GreenKey Technologies secures investment from IPC
GreenKey Technologies (GK) and IPC have strengthened their relationship with an investment that gives IPC exclusive rights to GreenKey’s machine learning voice solutions, reports David Penn at Finovate.
IPC and GreenKey have a history
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 recognised the value in our patented natural language processing solutions,” GreenKey CEO Anthony Tassone says.
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 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.
GreenKey was founded in 2014 and is headquartered in Chicago.
