03 February, 2020 by Aida

Winner – MEDICI’s Top-21 RegTech Award

This award credited AiDA’s suite of AI-driven solutions for its unparalleled unsupervised machine learning ability that results in some of the best efficiency gains for banks and financial institutions.

AiDA Technologies, a leading provider of predictive analytics and AI solutions to tier-one banks and insurance companies across Asia earned a spot on the MEDICI’s Top-21 RegTech Award. The highly coveted MEDICI Top-21 RegTech award identifies technology leaders that are building the future of regulatory compliance across America, APAC and EMEA and helping businesses comply with regulations more efficiently and less expensively. Regtech is also known as regulatory technology.

The MEDICI team and its partners—including Ernst & Young and Thomson Reuters—evaluated over 600 start-ups and narrowed it down 21 winners based on:

Scalability across segments and geographies
The uniqueness of the solution and the ability to fill the supply gap
Existing partnerships, clients, and products for commercial use
Engagement with regulators
Level of enhanced productivity at customers’ end

AiDA Technologies was recognised by the MEDICI team for managing risk and compliance in real-time and providing applications of artificial intelligence that solve the challenge of decision making with massive amounts of heterogeneous information.

COO at AiDA Technologies, Dr. Andrew Ang said, “We are honoured to earn a spot on MEDICI’s Top-21 RegTech Awards. As insurance companies and banks continue to struggle to tackle financial crime, we are proud to offer a solution that has unparalleled outlier detection capabilities. Our system alerts companies to unusual and potentially suspicious activity that cannot be foreseen by pre-determined rules.”

About AiDA

AiDA Technologies is powering leading tier-one banks and insurance companies with a unique combination of niche Ph.D. qualified 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 www.aidatech.io

About MEDICI

Since 2013, MEDICI has been pioneering the definition and organization of the new global FinTech industry for the benefit of enterprises, startups, and investors. They were the first independent source of data-driven research dedicated to covering FinTech innovation globally, now offering an archive of 5000+ insights for the benefit of this new industry. They built the industry’s first content curation and ecosystem collaboration platform in 2015 and today, supports the world’s largest FinTech community of 200,000+ globally across 1000+ enterprises, 15,000+ startups across 50+ sub-segments covering every hub of innovation in every continent. As the FinTech ecosystem has evolved over the years, regulating the accelerated adoption of advanced technologies has become increasingly complex. The MEDICI Team has consistently kept up to date with the leading players in the regulatory technology (RegTech) space and has followed the latest trends in the industry.

For more information, visit https://gomedici.com/uploads/RegTech-Top-21.pdf

Media Contact
Nicole Iman
nicole@etymon.com.sg