Italian Firm Delivers Semantic API to Wall Street
July 22, 2015
Short honk: There are quite a few high technology firms chasing the deep pockets on Wall Street and in the City. Some, like Digital Reasoning, have teamed with larger players to capture customers. Others, like Connotate, have relied on their stakeholders to open doors. Many companies attended financial technology showcases to demonstrate the power of their intelligent systems; for example, Digital Shadows. Some companies like Terbium Labs show up and demonstrate how their advanced technology reduces risk and improves financial performance.
Expert System is approaching the market with what it calls the “first semantic API”. The idea is that money folks can create cognitive computing systems. You can read about the system at this link.
Expert Systems is betting that this is true. The news release quotes Luca Scagliarini, CEO as saying:
Intelligent solutions for strategic information management are absolutely critical in today’s big data world, and no where is this more critical than in the financial services industry where inaccurate or incomplete data can lead to fatal decisions. With Cogito API Finance, we are filling a big gap and tremendous need for customized knowledge management solutions in the financial industry.
Expert System is a publicly traded company (EXSY:MI) so the payoff from this cognitive push should be evident in the firm’s next financial report.
Today shares are trading at 2.12, up 0.02 or 0.76 percent. BAE Systems, a company with its NetReveal / Detica technologies which are in use in a number of financial applications, is trading at 29.35. There is market headroom available.
Stephen E Arnold, July 22, 2015
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