21 January 2018
visit http://response.ncr.com

AI firm Squirro lands in Singapore

26 October 2017  |  24577 views  |  0 Source: Squirro

Squirro, the AI-driven context intelligence and data insights solution provider, is opening its first office in Asia, looking to use the new Singapore office as a base from which to target other countries in the Asia-Pacific (APAC) region.

Squirro’s AI-driven context intelligence and data insights solutions are used by Financial Services (FS) firms all over the world, including organisations such as Wells Fargo, Investec and SwissRE. The Singapore office will be Squirro’s fifth opening, with offices in three European locations and its US HQ in New York.

This latest international expansion is the first since Squirro finalised a $10M Series B funding round in July 2017, with investors including Orange Growth Capital and Salesforce Ventures.

“Our continued international expansion reflects the growing maturity of AI and machine learning, technologies that are finally starting to deliver on the promise and hype,” said Dr. Dorian Selz, CEO at Squirro. “Opportunities for financial services in the APAC region are growing as FinTechs take the lead. Technology has created an ongoing evolution in the industry, a shift from traditional financial services to financial technology. Squirro’s technology, particularly our new advanced AI platform TRINITY, addresses the challenges of dealing with 99% of the company data that is not addressed and provides FS firms with far greater customer knowledge than they have ever had.”

More than 200 banks have a presence in Singapore, and with the 2013 appointment of a Renminbi (RMB) clearing bank, financial institutions in Singapore have been able to play a significant role in bridging trade and investment flows between China and other countries.

“Not only is Singapore one of the world’s most prominent financial centres, it’s really where much of the region’s growth is. Furthermore, it is incredibly well connected across the rest of South East Asia,” continued Dorian Selz. “Singapore was therefore the obvious choice when it came to launching Squirro’s first office in Asia. It gives us the perfect platform to work with FS firms in Singapore and the rest of the APAC region.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.ebaday.comvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
13041 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8297 views comments | 12 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
8203 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
7232 views 1 | 7 tweets | 2 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job