SINGAPORE, September 8, 2021 / PRNewswire / – ADVANCE.AI, a Singaporecompany based on artificial intelligence (AI) and big data in Asia, has partnered with Dow jones, a global provider of business news and information, to strengthen its core B2B risk and compliance product line in South and Southeast Asian markets.
As part of this partnership, ADVANCE.AI will integrate Dow Jones’ best anti-money laundering (AML), risk and compliance data into its core suite of services including digital identity verification, scoring risk and credit, and digital lending. The collaboration will improve the robustness and efficiency of ADVANCE.AI’s suite of products, which serves businesses in banking, financial services, fintech, payments, retail and e-commerce.
Dong shou, CEO of ADVANCE.AI, said: “While COVID-19[female[feminine Has accelerated the pace of the digitization of financial services and digital commerce, this also comes with the increased threat of online financial crime, which is more sophisticated and organized than ever. Combining AML and compliance data from Dow Jones with our eKYC and risk scoring solutions improves the robustness of our unique digital identity verification (DIV) platform, which unifies our corporate fraud and risk management solutions, and protects our business partners from operational and reputational risks. “
“As the risk of financial crime increases, access to reliable and timely data has never been more important,” said Jan Coos Geesink, Managing Director of Dow Jones Risk & Compliance. “This partnership with ADVANCE.AI will give customers the information they need to better identify money laundering risks and make even smarter decisions.”
Founded in 2016, ADVANCE.AI currently serves over 1,000 corporate clients in the South and South East Asia, Latin America and continent China. Notable clients include Standard Chartered, Generali Group, Bank CIMB Niaga, Home Credit, Shopee, and GoTo group. In the past 12 months, ADVANCE.AI has also been named in LinkedIn’s Top 10 Start-ups in Singapore, awarded “Best International Fintech” at india Fintech Awards and was shortlisted for “Next Global Tech 50: Artificial Intelligence” by global investment research firm Equal Ocean. He was recently named a member of the global Fintech Power 50 list.
A media kit is available here.
ADVANCE.AI is a leading company in the field of AI and Big Data Asia, helping to solve digital transformation, fraud prevention and process automation for corporate clients. Launched in 2016, the SingaporeThe headquartered company is a leader in artificial intelligence, risk management and digital lending solutions. It is currently a partner of more than 1,000 client companies across South East Asia and India in banking, financial services, fintech, payments, retail and e-commerce. ADVANCE.AI is part of Advance Intelligence Group, a C-Series AI-based technology company in Asia Pacific, with operations through South East Asia, India and China. It was ranked # 5 on LinkedIn’s 2020 Best Startups list in Singapore.
About Dow Jones
Dow Jones is a global provider of business news and information, delivering content to consumers and organizations around the world in multiple formats, including print, digital, mobile and live events. Dow Jones has been producing unparalleled quality content for over 130 years and today has one of the largest information gathering operations in the world. It produces leading publications and products, including the Wall Street Journal, America’s largest paid-circulation newspaper; Factiva, Barron’s, MarketWatch, Mansion Global, Financial News, Dow Jones Risk & Compliance, and Dow Jones Newswires. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).