Fintech firm Velocimetrics, the leading provider of business flow tracking and real-time, in-stream performance analytics, has been shortlisted in the ‘Outstanding Data Analytics Solution’ category at Computing’s AI & Machine Learning Awards. The company was shortlisted for its VMX EndToEnd product suite, the only offering on the market able to provide true ‘in-stream’ financial transaction monitoring and analytics, giving maximum insight, accuracy and business efficiency in real-time. The awards recognise industry-wide success in several areas including security, ethics and data analysis, celebrating the companies whose technologies have the potential to reshape the workplace.
The announcement continues an impressive last twelve months across the board for Velocimetrics; having released a new version of its product suite last July, it was shortlisted by the FOW International Awards and TradingTech Awards in Q4 2018, and in February announced that, in partnership with Napatech, it had slashed latency at a global tier-1 investment bank x10. Not resting on its laurels, the firm was then named finalist by the Network Computing Awards in March.
Additionally, last year ITRS Group, the leading provider of real-time monitoring, became a Velocimetrics partner: the partnership enables ITRS clients to independently track and analyse the performance of every quote, order, trade or payment traversing business-critical processes in real-time, greatly improving operational resilience and providing actionable insights.
Paul Spencer, COO of Velocimetrics, said: “We are very pleased to have garnered yet more award recognition, particularly as it comes from a publication as highly-regarded as Computing. Machine learning, as a subset of AI, is an integral part of our solution; it accurately assesses the quality of data being used in trading decisions, instantly alerting users to the emergence of abnormal changes and helping to give them complete operational oversight.”
He added: “We constantly look to better the service we provide to our clients, and while they will always be our main yardstick for measuring success, news like this is certainly an honour as well as a welcome bonus!”
The winners of Computing’s AI & Machine Learning Awards will be announced at its ceremony in London on 3 July 2019.
