|
|
Article: Small firm offers voice recognition system for trading. (Umecorp)
- Article from:
- American Banker
- Article date:
- October 26, 1993
- Author:
CopyrightCOPYRIGHT 1993 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NOVATO, Calif - A small technology company in California is betting that the time has come for bankers to put computers in their trading rooms that understand spoken words.
The company, Umecorp, based in Novato, this year has started trying to sell one of the only prepackaged computer systems available that lets traders record deals by speaking into their computers.
So far, six financial institutions, including banks, have agreed to start testing the Umevoice computer system by year-end, said Umecorp president and chief executive Adithya M. R. Padala.
High Hopes
Mr. Padala declined to name the companies. But he predicted that ...