Top 10 Artificial Intelligence (AI) companies and startups in Cloud Banking in Asia in Aug, 2024- Tracxn (2024)

There are 127

Artificial Intelligence (AI) companies in Cloud Banking in Asia

which include

Perfios, Credgenics, Vymo, ThetaRay, Simility.

Real-time credit-decisioning platform and data aggregation APIs. It provides users with a SaaS-based B2B fintech software company in India that provides financial data analysis software and tools, as well as SME lending solutions. It also offers information on the financial worthiness of the customer and automates the loan decision process. Its APIs help companies to create personal finance applications for consumers. It also provides a personal finance manager application to manage finance in one place with embedded finance, KYC, and more.

Key facts about Perfios

• Founded Year: 2008
• Location: Bengaluru (India)
• Stage: Series D
• Funding: $452M
• Investors: Bessemer Venture Partners, Warburg Pincus and33 Others
• Tracxn Score: 73/100What is this?
• Competitors Rank: 3 of 359 Competitors

AI and cloud based debt collection platform. It leverages AI that predicts the recovery, and auto-generates the payment requests. The platform allows users to send automated emails, text messages, and voice messages to the borrower segments. Features include solutions for field debt collections, digital payment acceptance, automated digital debt collections, communication solutions, analytics for profiling, insights, and more. It also provides outbound calls, legal workflow management, performance management, and more.

Key facts about Credgenics

• Founded Year: 2018
• Location: Noida (India)
• Stage: Series B
• Funding: $78.7M
• Investors: Accel, WestBridge Capital and47 Others
• Tracxn Score: 69/100What is this?
• Competitors Rank: 3 of 437 Competitors

AI-based sales engagement for financial institutions. It provides users with software solutions for customer relationships and sales management in the banking industry. It also develops objective sales solutions for insurers. It enables sales managers to aggregate leads from multiple sources and allocate them to sales reps.

Key facts about Vymo

• Founded Year: 2013
• Location: Sunnyvale (United States)
• Stage: Series C
• Funding: $44.3M
• Investors: Fis Fintech Accelerator, Sequoia Capital and9 Others
• Tracxn Score: 66/100What is this?
• Competitors Rank: 5 of 830 Competitors

Developer of AI based cyber threats and operational risk detection platforms. It deals with the Specialized threat analysis and protection space. It enables businesses to detect and prevent APT and zero-day attacks. The company utilizes its proprietary algorithms to detect anomalies in the business through big data analytics techniques.

Key facts about ThetaRay

• Founded Year: 2013
• Location: Hod Hasharon (Israel)
• Stage: Series D
• Funding: $133M
• Investors: JVP, SVB and19 Others
• Tracxn Score: 64/100What is this?
• Competitors Rank: 17 of 522 Competitors

Simility provides an enterprise fraud detection SaaS platform with big data analytics, machine learning, and data visualization capabilities. It can be adapted to meet customers' fraud use cases and keeps pace with changing fraud tactics. It features a cloud-based solution that can be implemented by adding a line of code on web pages for API integration and initiating relevant data streams. It supports the creation of intuitive signals anticipated by analysts and allows customization of the fraud workflows by adjusting scores and risk thresholds to meet specific industry needs.

Key facts about Simility

• Founded Year: 2014
• Location: Palo Alto (United States)
• Stage: Acquired
• Funding: $25M
• Investors: Accel, Trinity Ventures and7 Others
• Tracxn Score: 64/100What is this?
• Competitors Rank: 22 of 1,733 Competitors

Provider of a deep-learning technology product for image verification. It provides users with a platform for digital KYC+, dedupe fraud checks, data verification, credit scoring, and contract verification solutions. It also offers a platform that takes satellite or other map data for identifying objects and detecting changes and it converts petabytes of data into actionable insights. It has use cases in financial services, telecom, energy, security, and defence applications.

Key facts about HyperVerge

• Founded Year: 2014
• Location: Bengaluru (India)
• Stage: Seed
• Funding: $1M
• Investors: New Enterprise Associates, Milliways Ventures and7 Others
• Tracxn Score: 63/100What is this?
• Competitors Rank: 25 of 3,038 Competitors

Provider of AI and cloud-based digital lending platform. Helps banks with digital lending through SaaS platform. It enables banks and NBFCs to create customozed loan products through its API-driven modular architecture. Lentra supports customers with Pay-as-you-Go pricing.

Key facts about Lentra

• Founded Year: 2018
• Location: Pune (India)
• Stage: Series B
• Funding: $104M
• Investors: Bessemer Venture Partners, MUFG and28 Others
• Tracxn Score: 60/100What is this?
• Competitors Rank: 5 of 104 Competitors

Provider of subscription-based payday loans for blue-collar workers. It offers digitally integrated credit, payments, and insurance solutions to better manage their day-to-day cash flows and become more financially resilient. It has a UPI-linked credit stack that is channeled through employers and aggregators, allowing it to capture user work histories, provide instant recurring loans or payout advances, and ensure the productive use of funds.

Key facts about KarmaLife

• Founded Year: 2020
• Location: Bengaluru (India)
• Stage: Seed
• Funding: $9.02M
• Investors: LetsVenture, Wellfound and40 Others
• Tracxn Score: 59/100What is this?
• Competitors Rank: 2 of 59 Competitors

Provider of AI-based software for user identity verification. It offers identity verification solutions based on biometrics, spoof detection technology, and optical character recognition. Its products include smile facial recognition, which allows the organizations to verify the clients identity and comply with KYC regulations, and Smile, which uses a camera in the self-service machine to scan the customers face and match it against an existing profile for making payments, Connect, which allows the users to create cloud-based digital identities for digital identity verification.

Key facts about ZOLOZ

• Founded Year: 2012
• Location: Haidian (China)
• Stage: Acquired
• Funding: $10.5M
• Investors: Think Big Partners, Wells Fargo and8 Others
• Tracxn Score: 57/100What is this?
• Competitors Rank: 79 of 3,597 Competitors

Cloud-based analytics solutions for businesses. It is an AI-powered revenue acceleration solution for enterprises across the Banking, Fintech, and Travel industries. The platform provides data cleansing solutions to identify errors and anomalies in the dataset. It enables users to develop new feeds based on real-time data processing. Features include Data as a Service, Recommendation as a Service, Customer Experience as a Service, and Marketplace as a Service.

Key facts about Crayon Data

• Founded Year: 2012
• Location: Singapore (Singapore)
• Stage: Series A
• Funding: $5.34M
• Investors: Mitsui, Jungle Ventures and12 Others
• Tracxn Score: 57/100What is this?
• Competitors Rank: 31 of 789 Competitors