NEW YORK, Sept. 24, 2014 /PRNewswire/ -- Minetta Brook™ (www.minettabrook.com) today announced the launch of their second product, the KNEWSAPP.COM web application at FinovateFall 2014. KNEWSAPP™ (www.knewsapp.com) employs cutting edge computational linguistics technology that is able to process news streams in real-time to dynamically discover topics, find connections and quantify news. In KNEWSAPP users are able to discover news from what is being written, rather than how many people have read an article, which is what most news aggregators and search engines display today.
Minetta Brook's machine learning continuously expands our current database of over 260 million tracked topics. This enables KNEWSAPP to identify unusual activity that others would miss: around tickers, people, organizations, key financial terms, locations, etc. KNEWSAPP's proprietary scores can alert users to news velocity to specific tickers in a watch list or a sector. Stories are scored based on linguistic algorithms to tell the user what news to read right now in relevance to their investment interests or thesis.
The product will be available as limited preview to 100 users. Users can sign-up at www.knewsapp.com to get access to the application.
"With KNEWSAPP, we have broken the rules of how news headlines makes the front page today. Four months after launching our first product on the Bloomberg Terminal™, we have taken the next big step here at Finovate. KNEWSAPP's users will be the first to catch a relevant important event and be able to leverage the lead time to prepare better." said the cofounders of Minetta Brook, D Bharadwaj, CEO and Prabhu Venkatesh, Chief Scientist.
"KNEWSAPP with its ability to measure velocity across news, blogs & tweets, is an indispensable news analytics & social media analytics tool for hedge funds, portfolio managers, sell-side traders, buy-side traders, analysts, wealth managers, broker dealers etc." said Ken Cutroneo, Director of Sales who was formerly at KCG and Head Trader at Obrem Capital Management.
FinovateFall is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in New York, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate, and unique format. FinovateFall is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit finovate.com.
SOURCE Minetta Brook