The integrated partnership marks Aiera’s first major step into the video events space, delivering live speech-to-text transcription and audio controls natively within the OpenExchange and OETV experience.
New York, New York–(Newsfile Corp. – March 14, 2023) – OpenExchange, the global leader in professionally managed virtual meetings and events, has announced an integrated partnership with Aiera, the leading investor event intelligence and speech technology workflow platform. OpenExchange’s existing webcasting and live-streaming solutions will now offer Aiera’s industry-leading live event transcription services natively within its video conferencing experience. The partnership will also explore the introduction of large language modeling for auto-summarization and Q&A tooling, which are new features offered across the Aiera platform.
“Traditionally, live transcription technology has lacked the speed and accuracy to be truly useful in meetings that are heavy in industry jargon or technical terminology,” said Herb Werth, Chief Product Officer of OpenExchange. “Aiera’s ultra high quality live transcription, which can be human-enhanced in near-real-time and synchronized with live video, creates an experience for the viewer that not only makes video content easier to consume, but also adds a level of efficiency in finding relevant content that hasn’t been possible until now.”
A few of the benefits to viewers and listeners:
- Live Transcription: Follow along with truly live word-for-word event transcription via Aiera’s financially-trained ASR model with 97%+ accuracy – adding another layer of visibility and insight to OpenExchange’s video presentations.
- Search: Seamlessly surface key mentions and jump across them while the event is happening live, or after it concludes – saving time by eliminating the need to comb through video replays or static PDF transcripts.
- Variety of Event Coverage: Aiera’s live transcription, search, and discovery tooling can be applied to various video event types hosted by OpenExchange, including public conference presentations and across all of OETV.
- Content Discoverability: For viewers looking to assess certain themes across OpenExchange’s variety of video content, adding Aiera’s textual layer of transcription and search makes key topics more easily discoverable. Auto-summarization and Q&A that leverages Aiera’s generative AI capabilities stands to be further enhancement.
- Human Editing: For the companies hosting events with OpenExchange, Aiera offers human editing services to deliver publishable-quality transcripts after the events conclude, which can be distributed at the company’s discretion or hosted on their IR website.
“Live event data and analysis is an evolving, critical part of the future of finance and corporate strategy,” said Bryan Healey, CTO of Aiera. “Instant access, searchability, and discoverability of real time information is quickly becoming central to how we make decisions. Integration with OpenExchange is a critical step within our video evolution, and we’re thrilled to be a part of it.”
OpenExchange securely enables virtual communications, using its video expertise, proprietary technology solutions, and premiere managed services. OpenExchange bridges the worlds of interactive videoconferencing, live streaming, and searchable on-demand video showcases. Based in Boston, New York, London, Hong Kong, and Seoul, and anchored by its experience connecting C-Suite executives in the professional investment community for over 10 years, OpenExchange makes it seamless to connect, curate, disseminate, and discover vital information critical to driving investment and business decisions. For more information, please visit www.openexc.com.
Aiera is the only live AI event monitoring & financial search platform covering all available Wall Street events, providing real time transcription, auto-summarization, Q&A, one-click audio streaming, DVR-style live audio controls, smart document search, dynamic alerts, and seamless team collaboration. Aiera covers 60,000 public investor events with a 95%+ live connection rate, spanning more than 13,000 global equities; all accessible via desktop, mobile app, API, and iFrame. To learn more, please visit aiera.com.
Vice President of Marketing, Aiera
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/158330
Expressions of Interest for Director of the European Bank for Reconstruction and Development
The Minister for Finance, Michael McGrath, is inviting Expressions of Interest from suitably qualified candidates to be considered as Ireland’s Director of the London-based European Bank for Reconstruction and Development (EBRD). The remunerated position of Director is an important post with a demanding workload. A full-time residential position, it is based at Bank headquarters in London.
The Minister’s nominee is expected to be appointed by the EBRD, with the agreement of Ireland’s Constituency partner countries, for a three-year term from 1 August 2024.
Minister McGrath commented:
“This is an exciting opportunity to represent Ireland (and our Constituency partners Denmark, Lithuania and Kosovo) as a Director on the Board of the European Bank for Reconstruction and Development overseeing the policy-making and governance of the Bank. The EBRD is a unique International Financial Institution supporting projects across three continents. By investing in projects which otherwise would not be fully met by the market, the EBRD promotes entrepreneurship and fosters transition towards open and sustainable market economies. I am keen to ensure our Irish representative has the ability, education, vision, and experience to make a significant contribution to the Board and brings a range of skills and diverse perspective to the deliberations of the Board.
My nominee will need high competence in economic and financial matters. Expertise can come from notable or significant achievements in the corporate or financial sector, academia, policy-focused institutions, or public service. Importantly, they will have the highest ethical standards, a strong sense of professionalism and commitment, and dedication to serving the interests of all the shareholders and be able to make themself readily available to the Board in the fulfilment of their duties.”
Expressions of interest will be accepted up to 3pm on 27th March 2024
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Council adopts regulation on instant payments
The Council adopted today a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries.
The new rules will improve the strategic autonomy of the European economic and financial sector as they will help reduce any excessive reliance on third-country financial institutions and infrastructures. Improving the possibilities to mobilize cash-flows will bring benefits for citizens and companies and allow for innovative added value services.
The instant payments regulation will allow people to transfer money within ten seconds at any time of the day, including outside business hours, not only within the same country but also to another EU member state. The regulation takes into consideration particularities of non-euro area entities.
Payment service providers such as banks, which provide standard credit transfers in euro, will be required to offer the service of sending and receiving instant payments in euro. The charges that apply (if any) must not be higher than the charges that apply for standard credit transfers.
The new rules will come into force after a transition period that will be faster in the euro area and longer in the non-euro area, that needs more time to adjust.
The regulation grants access for payment and e-money institutions (PIEMIs) to payment systems, by changing the settlement finality Directive (SFD). As a result, these entities will be covered by the obligation to offer the service of sending and receiving instant credit transfers, after a transitional period. The regulation includes appropriate safeguards to ensure that the access of PIEMIs to payment systems doesn’t carry additional risk to the system.
Under the new rules, instant payment providers will need to verify that the beneficiary’s IBAN and name match in order to alert the payer to possible mistakes or fraud before a transaction is made. This requirement will apply to regular transfers too.
The regulation includes a review clause with a requirement for the Commission to present a report containing an evaluation of the development of credit charges.
This initiative comes in the context of the completion of the capital markets union. The capital markets union is the EU’s initiative to create a truly single market for capital across the EU. It aims to get investment and savings flowing across all member states for the benefit of citizens, businesses, and investors.
On 26 October 2022 the Commission put forward a proposal on instant payments that amends and modernises the single euro payments area (SEPA) regulation of 2012 on standard credit transfers in euro by adding to it specific provisions for instant credit transfers in euro.
Source: European Council
FCA highlights need for enhanced competition in wholesale data markets
The FCA has unveiled the outcomes of its in-depth study into the wholesale data market, focusing on the sectors of credit ratings data, benchmarks, and market data vendor services.
Despite deciding against major regulatory actions due to the risk of unintended consequences that could affect the data’s availability and quality—a crucial resource for global investors—the FCA has pinpointed several areas where competition could be significantly improved.
The study’s revelations indicate that the current state of competition in these markets may lead to users incurring higher costs for data than would be the case in a more competitive environment. This concern is particularly pressing given the critical role that such data plays in supporting effective investment decisions across the financial sector.
In a move to address these findings, the FCA has proposed initiatives aimed at ensuring wholesale data is distributed under fair, reasonable, and transparent conditions. This approach forms a part of the regulator’s broader strategy to ‘repeal and replace’ assimilated EU law, reinforcing the UK’s status as a premier global financial hub fostering investment, innovation, and sustainable growth.
Sheldon Mills, the FCA’s Executive Director of Consumers and Competition, emphasised the importance of quality and accessible wholesale data for the efficiency of financial markets. “The quality and availability of wholesale data is integral to well-functioning wholesale financial markets,” Mills stated. He further clarified, “Our market study found that firms can access the data they need to make effective investment decisions. We do not believe the case has been made for significant interventions. However, we will examine ways to help support wholesale data being provided on fair, reasonable and transparent terms.”
In its commitment to fostering a competitive and fair marketplace, the FCA will continue to scrutinize allegations of anti-competitive behavior across all markets, including wholesale data markets, leveraging its powers under the Competition Act to address any such issues.
Source: Fintech Global
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