ABC Technology named on IDC’s 101 Fast Growing APAC Fintech List

ABC Technology named on IDC’s 101 Fast Growing APAC Fintech List

Singapore — April 2, 2020 — Fintech startup ABC Technology today announced its recognition by research firm IDC as among the 101 fastest growing fintech companies in the Asia-Pacific region (excluding Japan).

 

The IDC FinTech Fast 101 List names the fastest growing fintech players based on extensive on-ground analysis of the dominant fintech players within the region. Fintech companies were evaluated on fintech data across key metrics such as addressable market, customer adoption, investments, chance of survival, innovation, and marketing.

 

The list covers 10 major markets – Australia and New Zealand, China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, and Thailand.

 

“We are humbled and honoured to receive this recognition from IDC. It shows that our deep learning-based solution is being embraced and adopted quickly by the market, especially by forward-looking organisations that leverage leading technologies to stride ahead. The listing is also a testimony of our proven work with our customers,” said Mason Yang, Founder and Chief Executive Officer of ABC Technology.

 

The fintech solution provider lets organisations harness the power of artificial intelligence (AI) to solve problems that were previously impossible to solve. Its machine learning platform automates the entire data processing cycle from collection using optical character recognition (OCR), extraction, search, analysis, and visualisation, to reporting from both unstructured and structured data sources. Using natural language processing and computer vision technologies, it helps banks, finance institutions and large enterprises to make better and faster decisions, draw insights, manage compliance, and maximise their investments.

 

In the next quarter, ABC Technology plans to roll out ready-made AI solutions based on its ABC AI document processing platform for the fund management, investment banking, private equities and commercial/retail banking industries in the Asia-Pacific region. These solutions help organisations quickly identify more profitable opportunities and better understand their positions with more accurately extracted insights from qualitative unstructured information sources.

 

About ABC Technology

 

Founded in 2016, ABC Technology (www.abcfintech.com) is a financial technology solution provider with offices in China, Hong Kong and Singapore. A firm believer in developing innovative AI solutions for the banking and finance industry and large enterprises, 85 percent of its 300 staff are involved in research and development. Its in-house developed artificial intelligence (AI) platform with computer vision and natural language processing, automates the entire data processing cycle from collection, extraction, search, analysis and reporting from unstructured and structured data sources. IDC has listed ABC Technology on the IDC FinTech Fast 101 List of fastest growing fintech companies in Asia Pacific (except Japan).

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Workplace

The Power of Introverts at the Workplace

Psychologist Carl Jung describes introverts as people whose interests are directed inwards and towards their own thoughts or feelings. They typically struggle to adjust to social settings and are perceived as being reserved. Thus, at a workplace, the introvert might come across as a quiet or unsociable person and end up unnoticed, no matter how big their contributions might be.

Cryptocurrency without the Risk

The Benefits of Cryptocurrency without the Risk: Stablecoins

As of October, Tether, the largest stablecoin in the world, is the fifth largest cryptocurrency in the world. As of October 18, Tether has a market capitalization of over US$69 billion. However, to make sense of this development, let’s break down what a stablecoin is, and then look at the various kinds of stablecoins and what the future holds for them.

TikTok Takes the Crypto Plunge into NFTs

TikTok Takes the Crypto Plunge into NFTs

The NFT craze does not seem to be going away anytime soon. The global hype around immutable digital assets has only gone up as TikTok hops on the bandwagon, allowing fans to “own a moment that broke the internet”.

Top Five Data Breaches By Tech Giants In Recent Years

Top Five Data Breaches By Tech Giants In Recent Years

From Facebook to Adobe, we often hear about data breaches in the news. In today’s digital world, data breaches can affect hundreds of millions of users simultaneously. By definition, a data breach means an incident in which secure or private data is released intentionally or unintentionally into an untrusted environment.

How Can You Launch an Air Taxi Startup

What Is an Air Taxi and How Can You Launch an Air Taxi Startup?

It’s finally happening. Flying cars—a concept we saw in Harry Potter and the Chamber of Secrets and Back to the Future—are becoming a reality. While many people might scoff at the idea of flying cars—“What’s next? Teleportation? Pfft”—investors are all about taking the chance. So much so that they have set aside US$4.3 billion to meet the requirements.