Colombo, Sri Lanka – July 30, 2024: Organizations across all industries and of all sizes are leveraging Microsoft AI’s versatile and cutting-edge solutions to achieve remarkable outcomes. Softlogic Stockbrokers, the full-service brokerage arm of Softlogic Capital PLC, have recently harnessed the power of Microsoft Azure OpenAI Service to introduce StockGPT, an innovative AI tool designed to empower the financial services sector.
Microsoft Azure OpenAI Service is an advanced, fully managed service that empowers developers to seamlessly incorporate cutting-edge OpenAI models into their applications. The service is designed to streamline the integration process, offering a straightforward and user-friendly Application Programming Interface (API) that simplifies the adoption of AI technologies. Hosted on Microsoft Azure, the service provides robust scalability and reliability that developers can leverage to deploy their AI applications with confidence, without having to worry about managing the underlying infrastructure.
Since its launch, StockGPT has been analyzing credible and publicly available sources, including listed companies’ annual reports, to provide actionable insights for investors. This rigorous approach ensures that users receive accurate and trustworthy information, empowering them to make informed decisions. Furthermore, the continuous updates and enhancements introduced by Softlogic Stockbrokers to this AI model ensure that StockGPT delivers the most relevant and timely information to its customers, thereby staying at the forefront of the dynamic market landscape.
“The Microsoft Azure OpenAI Service has been instrumental in empowering our team at Softlogic Stockbrokers to push the boundaries of innovation. Its robust technologies have provided the foundation upon which StockGPT stands, enabling us to deliver advanced solutions that meet the evolving needs of our clients. In pursuing our vision to transform market research and enhance investor experiences, our collective efforts have turned a visionary idea into a tangible reality,” said Saranga Wijayarathne, chief digital Innovation officer of Softlogic Life Insurance.
Softlogic Stockbrokers seamlessly integrated cutting-edge AI into their existing infrastructure with Azure OpenAI Service, ensuring scalability and efficiency to meet the demands of a dynamic market. The assurance of data security and compliance further solidified Softlogic Stockbroker’s trust in Azure OpenAI Service, safeguarding sensitive customer information. With Generative AI technology, responses can be customized based on the complexity of questions, catering to both seasoned investors and newcomers. This adaptability has transformed the platform into an inclusive solution, catering to various stakeholders in the financial industry.
Trust and security are at the forefront of AI innovation at Microsoft. Committed to Responsible AI, Microsoft ensures that AI systems are developed responsibly, earning people’s trust. The innovations adhere to principles of fairness, reliability and safety, privacy and security, inclusiveness, transparency and accountability. Accordingly, the Azure OpenAI Service not only drives positive impact but also prioritizes privacy protection and advanced cybersecurity.
Commenting on the innovation, Harsha Randeny, country manager for Microsoft Sri Lanka and Maldives, said, “The adoption of Azure OpenAI Service by Softlogic Stockbrokers exemplifies the transformative power of this technology. With Microsoft AI, we are eager to support organizations in uncovering valuable new opportunities and delivering impactful innovation. By leveraging our advanced AI Solutions, we want to empower local businesses enhance their competitiveness on a global scale, driving success in an increasingly interconnected world.”
The implementation of Azure OpenAI Service by Softlogic Stockbrokers marks a significant milestone in their journey of innovation and growth. Microsoft is committed to empowering Softlogic Stockbrokers to adapt to evolving market trends and catering to the needs of investors by providing the required Microsoft technologies to drive future growth and success.
About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more.
