by Ferry Bayu | Sep 12, 2023 | Banking and Finance
Samunnati partners with Singapore-headquartered fintech finbots.ai to transform credit risk management using AI
finbots.ai’s credit modelling solution, creditX, will enable Samunnati to build high quality credit risk scorecards faster, accelerating growth of Agri & SME lending business & driving financial inclusion.
Samunnati, India’s largest agri
enterprises, today announced signing an agreement with Singapore-headquartered
B2B SaaS FinTech finbotsAI, to transform credit
risk management using AI.
With this, Samunnati becomes the
first Agri Enterprise in India to incorporate advanced AI-based solutions into
a key pillar of its business, supporting its mission to drive greater financial
inclusion for smallholder farmers and agri enterprises. Through this
partnership, Samunnati has become the first client of Accel-backed finbotsAI in
India.
With creditX, finbots.ai’s
AI-powered credit modelling platform, Samunnati will be able to develop high
accuracy custom credit models on demand, enabling them to scale their agri and
MSME supply chain financing business with reduced risk. Samunnati will also be
able to process new applications instantly, resulting in improved efficiency
and greater agility in operations.
Samunnati made the decision to
sign with finbotsAI after an extensive evaluation via a Proof-of-Concept using
historical data. With creditX, finbots.ai was able to reduce model development
time from 3 months to 4 days with a significant increase in predictive
accuracy, demonstrating potential upsides in revenue and operating
efficiencies.
Commenting on the partnership, Anil
Kumar SG, CEO and Co-Founder, Samunnati, said, “We believe that
innovation is the key to solve the access to finance paradox and to unlocking the potential of Indian
agri. The partnership with finbotsAI aligns perfectly with our vision of
leveraging technology to serve our customers better and contribute to the
growth of the Indian Agri.”
Sanjay Uppal, Founder & CEO, finbots.ai commented, “We are proud to make our foray into an exciting market like India
with an industry leader in Samunnati. We have seen enormous success in enabling
lenders in Southeast Asia and Africa to safely lend to new segments and
accelerate financial inclusion and are confident our transformative AI
platform, creditX, will have a similar impact in India. We are seeing creditX
become a preferred option for lenders globally, and this deal reinforces the
desire for cutting-edge technology solutions that solve legacy challenges.”
With this deal, finbots.ai’s fast
growing client base stretches to 10 countries across APAC and MEA markets while
Samunnati strengthens its credit-risk management using world-class AI-enabled
platform.
finbots.ai is an Accel Portfolio FinTech company with a mission to help lenders drive profitable lending and financial inclusion with creditX, our AI-powered platform to rapidly build high accuracy risk scorecards.
creditX is used by lenders across 4 regions, specifically Africa, Middle East, APAC and Australia, and by the full spectrum of lending companies, including digital banks, SME lenders, agri-lenders, consumer lenders and Credit Bureaus.
finbots.ai has been recognised among ‘Top 10 FinTechs in Singapore’ at the Monetary Authority of Singapore (MAS) FinTech Awards 2022. The FinTech is also part of PwC’s Partner Programme and a Featured Partner for Tata Consultancy Services.
finbots.ai is amongst one of the first FinTechs to have completed AI Verify, the world’s first AI Governance testing framework and toolkit developed by Singapore Government’s IMDA (Infocomm Media Development Authority) and PDPC (Personal Data Protection Commission).
finbots.ai is headquartered in Singapore and has offices in India (Hyderabad), the United Arab Emirates (Dubai), Indonesia (Jakarta) and Nairobi (Kenya).
For more information on finbots.ai, click here: https://www.finbots.ai/.
Suren Rastogi
M: +65 9736 8962
E: su***********@*****ts.ai
The PRactice – Farooque Shaikh
M: +91-9594777764
E: fa******@**********ce.net
by Ferry Bayu | Sep 12, 2023 | Business
VRITIMES Announces Guaranteed Media Coverage with 10 Media Partners
Malaysia, 12th Sep 2023 – VRITIMES has accelerated its collaboration with media partners, now offering guaranteed coverage across 10 media outlets. The company is committed to enhancing the quality of its services to ensure press releases reach a wider audience.
VRITIMES, which began its operations in Indonesia in 2022, has expanded its business to Singapore, Malaysia, the Philippines, Thailand, and Vietnam. With this announcement, the company reports the realization of guaranteed media coverage in Indonesia, Singapore, Malaysia, and the Philippines.
CEO Mr. Ferry commented, “Our media partners see the value in our clients’ press releases, enabling us to form publication collaborations. We are deeply grateful to our clients for always providing outstanding press releases.”
Clients from Indonesia, Singapore, Malaysia, and the Philippines will receive the result of the distribution and feedback to improve the Press Release in the form of a PDF, four days after the press release distribution.
We look forward to your continued support of our services.
VRITIMES (https://www.vritimes.com/sg/service) is a media technology startup company, established in Tokyo in August 2022. We specialize in press releases, functioning both as a media platform and a distributor to our media partners. Users can create and distribute press releases through VRITIMES, then use our analytics feature to review their results – all within one solution. By making it easy and affordable to distribute press releases, we aim to facilitate a more valuable flow of information in the world, serving as the infrastructure that ensures this information reaches the media and consumers.
Media Relations
Email: ma*******@******es.com
by Ferry Bayu | Sep 11, 2023 | Business
EdgeConneX Invested in 200MW Data Centre Campus in Cyberjaya
Cyberview Sdn Bhd, the tech hub developer, has finalised its deal with EdgeConneX, the pioneer in Hyperlocal to Global Hyperscale Data Centre Solutions, to build its data centre campus in Cyberjaya today.
US-based EdgeConneX signed the Sales and Purchase Agreement (SPA) with Cyberview earlier this month, acquiring an enterprise lot spanning approximately 30 acres to develop a data centre campus with a capacity of over 200MW within the purchased parcel in Cyberjaya, offering scalable capacity and power to meet a wide range of customer needs in the future.
The document was exchanged between Kamarul Ariffin Abdul Samad, Chief Executive Officer of Cyberview Sdn Bhd and Randy Brouckman, CEO and Co-founder, EdgeConneX. The ceremony was witnessed by YB Chang Lih Kang, Minister of Science, Technology and Innovation (MOSTI) at RekaScape, Cyberjaya, during the closing ceremony of InnoEx, a four-day event organised by Cyberview in conjunction with the Cyberjaya Innovation Week.
Kamarul Ariffin Abdul Samad, Chief Executive Officer, Cyberview Sdn Bhd, said, “EdgeConneX’s investment in Cyberjaya represents a significant achievement and positions the city as a prime destination for hyperscale data centre providers. Our commitment to fostering innovation, combined with Malaysia’s growing digital economy will further increase the demand for data centres to be based in our city. We also estimate technology investments of RM35 billion for the next five to 10 years which aligns with Cyberjaya’s position as the preferred technology investment location.”
Randy Brouckman, CEO and Co-founder, EdgeConneX, said, “As a trusted provider of data centre solutions to service providers and hyperscalers, EdgeConneX is committed to the society and economy within which we operate. The new campus in Cyberjaya will bring the necessary capacity and innovation to grow businesses in the tech hub, and meet increasing hyperscaler and enterprise customers needs. The campus is also expected to create various job opportunities across construction, management, functional and operational roles in the city.”
Cyberjaya recently saw an increase in data centre investments, cementing its role as the global technology hub. The city is currently home to 14 data centre facilities in Cyberjaya, contributing up to 75 per cent of the nation’s total data capacity.
The closing ceremony marks the conclusion of InnoEx, which brings together industry pioneers, thought leaders, entrepreneurs, and technology enthusiasts to celebrate innovation and technology in Cyberjaya, in conjunction with its 26th anniversary.
Evolving from its fundamental role as landowner in 1996, Cyberview has now emerged as a Tech Hub Developer, mandated by the Government of Malaysia to spearhead the development of Cyberjaya. This translates into the creation of the country’s Global Tech Hub that uniquely offers a holistic ecosystem for its tech community to thrive and prosper upon.
+603-8315 6111
ci**@***********om.my
by Ferry Bayu | Sep 11, 2023 | Business
Pick.A.Roo app launches wholesale service for Philippines’ SMEs post-pandemic
The latest innovation from Pick.A.Roo, the Philippines’ premier lifestyle delivery app, is set to address post-pandemic supply chain issues for small to medium enterprises (SMEs), with a focus on independent restaurant and bar businesses. The new segment, Pick.A.Roo Wholesale, is the company’s response to connecting business owners and industry suppliers, offering a smooth sourcing and delivery experience.
The unprecedented challenges faced by SMEs in the aftermath of the pandemic have been tackled head-on by Pick.A.Roo Wholesale. The service offers direct access to leading industry suppliers for independent restaurant and bar businesses. SuySing, S&R Wholesale, Tiptop Distribution Inc., Farmer’s Market, Boozy, and other notable suppliers in the food service industry are among the outlets featured. The aim is to transform the way SMEs in the food and beverage industry source their supplies.
“Pick.A.Roo Wholesale is a dedicated one-stop-shop for independent restaurant and bar businesses in the metro,” says Kevin Tan, the founder of Pick.A.Roo. He shared the company’s enthusiasm in bridging the gap between business owners and industry suppliers, offering a solution to the challenges of maintaining a reliable supply chain. “Pick.A.Roo Wholesale is an ideal solution for modern businesses, aiming to help them prosper in the post-pandemic landscape.”
The company’s commitment to addressing the sourcing challenges faced by independent businesses drives the shift to business shopping via Pick.A.Roo Wholesale. Eric Bataga, the chief executive officer of Pick.A.Roo, said, “The launch of Pick.A.Roo Wholesale caters to the expanding market of micro-businesses in the Philippines. We’re working closely with business owners and suppliers to not only fortify the food and beverage industry but also contribute to the rejuvenation of the Philippine economy.”
The integration of the new segment with the established Pick.A.Roo platform offers independent business owners unparalleled control over their inventory management. Pick.A.Roo Wholesale provides the flexibility for business shopping orders to be delivered on-demand or on a regular schedule. This streamlined approach removes the traditional hurdles of supply and stocking, enabling business owners to focus on their primary operations.
by Ferry Bayu | Sep 11, 2023 | Business
LOOK: Toyota chairman Akio Toyoda eats at Jollibee
MANILA – Toyota Motor Corp chairman Akio Toyoda visited a Jollibee outlet and tried its Chickejoy and spaghetti.
“I mean, where else but here, can you get fried chicken and spaghetti… in the same place?” Toyoda was quoted by the company after his visit to a Jollibee store.
Toyoda, who said he was a fan of the Filipino fast-food restaurant chain, recently visited the Philippines to mark Toyota Motor Philippines’ 35th anniversary.
Toyota said it has invested a total of P73.7 billion since it started its operations in the Philippines in 2000.
As of December last year, 3,742 workers were employed in TMP, while 71,000 others are affiliated with TMP’s suppliers and dealers, the company said.
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