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Cloud9 Technologies partnered with Google and Quantiphi to build a machine learning-powered voice transcription service for traders.
For forty years, traders have called each other up to price potential transactions. Now, a fintech firm wants to turn those calls into market data.
Through a partnership with Google and data science firm, Quantiphi, New York-based Cloud9 Technologies has developed a transcription service that can translate verbal communications between traders into text data using machine learning. This data, the firm believes, can revolutionize compliance as well as offer new insights into trading activity.
“It’s going to be transformative for the industry,” said German Soto Sanchez, Cloud9’s Global Head of Corporate Development.