Singapore-based ADVANCE.AI, an AI company specialising in digital identity verification, risk management and process automation, announced the enhancement of its one-stop platform, which now supports multi-device user journeys, multi-language compatibility, enhanced AML screening tools, and Single Customer View via API and SDK.
ADVANCE.AI’s One-Stop Platform was created to meet their clients and partners’ needs to improve the current digital transformation process which is complex, slow and fragmented. The one-stop platform combines 200+ data sources to power real-time response and detection, with no-code orchestration capabilities that allows enterprises to design their workflows.
The end result is less complexity, lower friction and cost optimisation while improving customer experience and time to market. This allows ADVANCE.AI to be the trusted, one-stop partner to support clients’ digital transformation journey, the firm said in a statement.
Founded in 2016, ADVANCE.AI currently serves over 700 enterprise clients in the banking, financial services, fintech, payments, retail, and e-commerce sectors across South and Southeast Asia, Latin America and Greater China. Key clients include Standard Chartered, Bank Jago, Bukalapak, CIBI Philippines, Shopee and Indonesia’s GoTo group.
Last September, ADVANCE.AI’s parent company Advance Intelligence Group closed a US$400 million Series D round financing from an investor consortium led by SoftBank Vision Fund 2 and Warburg Pincus. With a valuation of over US$2 billion, the group is now one of the largest independent technology start-ups based in Singapore.
Lim Teng Sherng, chief commercial officer of ADVANCE.AI, said: “Enterprises need to pivot and digitalise especially with an increasingly digital world. To help organisations with this, we have developed our One-Stop Platform as a holistic solution to meet our clients’ various needs, from digital identity verification in eKYC and KYB to alternative credit, fraud prevention and more.
“We aim to be the one partner that will journey with our clients through their digital transformation and make this a smooth journey.”