Softlogic Stockbrokers enhances investment platform “StockGPT”

Softlogic Stockbrokers’ Director/Chief Executive Officer Dihan Dedigama, Softlogic Life Chief Digital Innovation Officer Saranga Wijayarathne, and Microsoft Sri Lanka and Maldives – Country Manager Harsha Randeny with representatives of Softlogic Stockbrokers and Microsoft Sri Lanka 

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 analysing 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. 

Softlogic Life Insurance Chief Digital Innovation Officer Saranga Wijayarathne said: “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.”

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 customised 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 prioritises privacy protection and advanced cybersecurity. 

Microsoft Sri Lanka and Maldives – Country Manager Harsha Randeny 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 organisations 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.”