Press Releases

Innovation Award – Frost & Sullivan

Innovation Award – Frost & Sullivan

On 19 September 2019, AiDA Technologies, a leading provider of predictive analytics and AI solutions to banks and insurance companies across Asia was offered the award of 2019 Asia-Pacific Predictive Analytics for Banking and Insurance Industries Technology Innovation Award by Frost & Sullivan.

Frost & Sullivan’s Technology Innovation Award is part of its Best Practices Awards, which identifies best-in-class companies that have demonstrated excellence, identified emerging trends before they became a marketplace standard, created advanced technologies that will catalyse and transform industries in the near future, and are predicted to encourage significant growth in their respective industries. 

Award recipients were determined by Frost & Sullivan analysts who conducted in-depth interviews, analysis, and extensive secondary research of artificial intelligence solutions in the financial services sector. They recognised AiDA’s contribution to the banking and financial services sector across four key areas:

  • Industry impact
  • Visionary innovation
  • Scalability and application diversity
  • Human capital and growth potential

AiDA Technologies is proud to have been offered this award. CEO, Dr. Geok Leng Tan said, “This award serves as an indication that the work our team of data scientists is doing is having the impact we are striving for. That is, to unearth unknown truths, supercharge the financial services industry and be a key enabler of AI and predictive analytics solutions.” 

About AiDA Technologies

AiDA Technologies is powering leading tier-one banks and insurance companies with a unique combination of niche Ph.D. level technical talent, best of breed AI and machine learning technology, FSI expertise, and customer-centricity. AiDA’s multi-award-winning proprietary machine learning technology offers a suite of smart AI solutions that drive results across all organisational levels.

With AiDA’s suite of smart technology the FSI can expect to accelerate lending and claims processes, identify revenue potential, drive cost reductions, and anticipate evolving risk. That is the AiDA advantage. 

For more information visit

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works collaboratively with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, they have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community.

For more information, visit

Media Contact
Nicole Iman