TipRanks Wins First Place in IBM Watson Hackathon Contest

New York, USA., June 16, 2015 (Newswire.com) - TipRanks, a financial accountability service, was awarded first place in the IBM Watson Hackathon today for developing a Watson based application called StockRadar.

The IBM Watson Hackathon, which took place on June 10th -11th, attracted dozens of software development teams from across the country to compete in creating cognitive applications and applying them to modern world problems.

The TipRanks team developed a service called StockRadar; an application that shows which stocks have the most positive, or negative, sentiment driven by financial news and social media.

As part of the contest, the service scanned and analyzed over 80,000 news articles and 30,000 tweets to determine the best and worst trending stocks in terms of social and news sentiment. 

“We found Watson to provide a very powerful set of tools that can complement our current offering today at TipRanks,” said Gilad Gat, Chief Technology Officer at TipRanks. “We are excited to receive this award and recognition from IBM.”

For more information about TipRanks, visit https://www.tipranks.com

About TipRanks:

TipRanks was founded in 2012 by Uri Gruenbaum and Gilad Gat and raised capital from former New York Governor Eliot Spitzer and Cornell Finance Professor Roni Michaeli. TipRanks provides a data-driven measure of accuracy for published financial advice. The proprietary Alpha generating technology is based on Natural Language Processing (NLP) and Machine Learning algorithms that constantly and accurately track, rank, and measure financial experts based on their stock ratings, calls, and predictions, bringing accountability into the markets.

TipRanks was awarded twice as best of show in the Finovate New York and Finovate San Francisco in 2013 and as the best tool for investment advice at the Benzinga Fintech award in April 2015.

For additional information:

Carly Forster, Marketing Manager.

carly@tipranks.com

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