Singapore-headquartered big data and AI company ADVANCE.AI has expanded to India with offices in Bangalore and Delhi. The company plans to open a third office in Mumbai as it seeks to accelerate the digital capabilities of India’s banks, financial services, retail, and e-commerce sectors.
ADVANCE.AI is already working with over 100 clients in India including CASHe, one of India's leading app-based credit lending platforms and Fintopia, a leading fintech firm in Asia. India business veteran Darshan Shah has also been appointed as Chief Advisor to its local operations since January.
“We’re excited to announce the expansion of our operations to the India market. Businesses across India are facing disruption in areas like digital banking, lending, payments, and risk management. Since 2019, we’ve rapidly scaled our capabilities and are already working with over 100 clients in India,” Charles Zhang, Country Manager of ADVANCE.AI India, said.
“We’re confident we can bring our technology leadership and local market expertise to accelerate the digital capabilities of India’s banks, financial services, NBFCs, retail, and e-commerce companies. Our immediate focus is on hiring strong local talent and driving product innovation, which includes our recently-launched video KYC capability which is fully compliant with Reserve Bank of India (RBI) guidelines, to better serve and empower our India-based customers,” he added.