Here are the 7 Singaporean companies that made it to the Top 100 AI fintech list of 2021

0

Fintech information platform Fintech Global has released its first AIFintech100 list, identifying the 100 most innovative companies creating artificial intelligence (AI) and machine learning (ML) solutions to serve the financial services industry.

Selected by a panel of industry experts and analysts from among 1,000 FinTech companies based on their growth potential, ingenuity and recent progress, these 100 companies are leveraging AI to improve efficiency and reduce costs in areas such as accounting, insurance and cybersecurity.

Of the 100 that made the 2021 AIFintech100 list, seven are companies headquartered in Singapore.

AIDA Technologies

Founded in 2016 by a team of award-winning data scientists from Singapore’s top research institute, AIDA Technologies is an AI / ML company that provides solutions to the insurance and banking industries.

AIDA Technologies has developed cutting-edge solutions to accelerate loan and claims processes, identify revenue by driving revenue growth, automate internal processes, and anticipate and manage evolving risk and compliance.

Its suite of intelligent solutions can ingest structured and unstructured data and can operate in an on-premises or cloud environment. AIDA Technologies also offers a pay-per-transaction model to facilitate adoption.

AIDA Technologies’ AI solutions have been tested and deployed by more than 10 Tier 1 banking and insurance clients in Singapore, Malaysia, Indonesia, Thailand, Hong Kong and India.

Bambu

bambu fintech logo

Founded in 2016, Bambu is a global specialist in digital wealth technology, providing financial institutions and fintechs with a cloud-based platform powered by proprietary algorithms and ML tools.

Bambu empowers businesses to make saving and investing simple and smart for their customers, providing both ready-to-use robo-advisers and personalized digital solutions. It also offers an API library that includes a variety of cutting-edge tools designed to make wealth management easier for advisors and clients.

The company, which has a branch in the UK and UK as well as representations in Europe, Middle East and Africa (EMEA), serves more than 20 financial institutions around the world, including HSBC, Apex Clearing and Connect by Crossbridge. In July, it acquired Tradesocio, a rival wealth tech company with a presence in EMEA and India.

Contemi

Contemi

Founded in 2001, Contemi is an IT solutions provider serving insurance, wealth management and capital markets companies in Asia, Europe and Oceania.

Contemi’s products include the award-winning cloud-based Wealth Intelligence (WIN) platform that digitizes the wealth management value chain from a single platform; Seamless.insure, a software as a service (SaaS) platform for insurance value chain automation; NOVA, for Post Trade automation; and Analytics for intuitive portals, applications and real-time data-driven insights.

Contemi’s foundations originate from the UK and Norway, but its head office is located in Singapore. Contemi serves more than 50 clients in 11 countries. It was recently awarded the Bronze Medal for Corporate Social Responsibility from EcoVadis, one of the world’s largest and most trusted providers of corporate sustainability ratings and assessments.

Moneythor

argentthor

Founded in 2013, Moneythor is a software company that provides banks and financial technology companies with a toolkit to improve their digital banking services.

The toolkit focuses on generating personalized and contextual, data-driven recommendations for their customers, enabling enhanced functionality and experience. It is designed from the ground up to be compatible with the banking infrastructure and can be deployed on-premises in the technical infrastructure of financial institutions or in the cloud.

Moneythor, which is also present in London, Paris and Tokyo, serves financial institutions in Australia, Canada, France, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, in the United Arab Emirates and Vietnam. Its clients include ANZ, DBS and Standard Chartered.

More recently, Moneythor signed an agreement with Japanese bank Ogaki Kyoritsu for a new personal referral service, a collaboration that will help it further expand its business in the country.

Muffler Eight

eight silent

Founded in Singapore with global hubs in New York, London and Warsaw, Silent Eight is an award-winning regtech company that helps financial institutions manage their compliance and risk obligations.

The company leverages AI and ML to improve name filtering process, eliminate money laundering and terrorist financing, reduce workforce and compliance risks, and enable better grasp decision-making.

The company, whose solutions are deployed in more than 150 global markets, won the Fintech Abu Dhabi Innovation Challenge 2017, the Fintech Hackcelerator 2017 from the Monetary Authority of Singapore (MAS) and won the Top Fintech Award in Australia in 2018.

In January, Silent Eight entered into a multi-year partnership with HSBC to help the bank improve its compliance operations.

Tookitaki

Incorporated in November 2014 in Singapore, Tookitaki combines ML, distributed systems and business expertise to create the building blocks of sustainable compliance management.

The regtech startup has developed solutions to prevent money laundering, terrorist financing and automate large-scale bank reconciliations. Both solutions, Anti-Money Laundering Suite (AMLS) and Reconciliation Suite (RS), have been tested and tested by financial institutions around the world.

Award-winning startup Tookitaki counts Societe Generale, United Overseas Bank (UOB) and Hewlett Packard Enterprise (HPE) among its clients.

Yun ESG

Yun ESG

Founded in 2015, Yun ESG is an AI startup that develops solutions to simplify processes and improve efficiency in the financial services industry.

The company uses AI and ML to speed up work on credit risk, market risk, operations, compliance control, and form filling. It transforms manual and incremental work with the help of automation tools, providing clients with comprehensive financial solutions.

Besides these seven Singapore-based AI fintech companies, five Swiss companies also made the cut.

Immuniweb is an award-winning global application security company, providing web and mobile application testing supplemented by proprietary and human testing. NetGuardians helps over 60 banks around the world fight fraudulent payments in real time.

Quant Infinity develops AI and ML based algorithmic trading solutions for investment funds and asset management companies. SwissQuant creates and implements smart technologies mainly in the areas of private banking, clearing, asset management and insurance. And Vestun applies AI to asset management and organizational intelligence acquisition.

User-friendly printing, PDF and email


Source link

Share.

About Author

Comments are closed.