ADVANCE.AI's no-code, easily customisable technology allows businesses to deploy a range of AI-powered Face Recognition Technology such as Liveness Detection, Face Comparison, Face Search, Fraud Faces, and Facial Multi-loan Score. Its eKYC (electronic Know Your Customer) verification solutions include ID forgery detection, ID document recognition, and ID card masking for Philippines' national identity documents. For banking and finance-related industries, ADVANCE.AI offers Joint Modelling, Fraud Intelligence and Credit Insight solutions.
ADVANCE.AI is a leader in artificial intelligence, risk management, and digital lending solutions with a portfolio of clients across banking, financial services, fintech, payment, retail, e-commerce, and government sectors. The Singapore-based company is part of Advance Intelligence Group, a tech unicorn backed by key investors SoftBank Vision Fund 2, Warburg Pincus, Northstar, Vision Plus Capital, GSR Ventures, and Singapore-based global investor EDBI.
"Sophisticated technologies are critical to mitigate and curb the increasing risk of fraud and cybercrimes, especially post-pandemic. With the growing use of digital payments and banking services, ADVANCE.AI solutions will provide an additional layer of security for digital transactions to ensure that users' data and identities are protected. Through our partnership, we will support Filipino businesses to achieve strategic balance between innovation, compliance and security," says Jimmy D. Go, president and CEO, VSTECS Phils. Inc.
Michael Calma, ADVANCE.AI's Philippines Country Manager said: "We're excited to have VSTECS as our sole distributor in the country, to accelerate a digitally empowered and financially inclusive Philippines. This is of even greater urgency post-Covid, when the banking, financial services and digital commerce industries have to digitally onboard and manage the risk profile of their customers quickly, easily and accurately. The end result is better resource efficiency, faster time to market and lower costs."
About VST-ECS
Ranked in the Top 100 companies in the country, VST-ECS Phils. Inc. offers an impressive breadth of offerings for mobility, retail, commercial and enterprise markets. Its wide spectrum of products and solutions include smartphones, tablets, laptops, desktops, virtual desktops solutions, printers, copiers, gadgets and accessories, gaming, power management, 3D printing, networking, software defined network, network security, data back-up and protection, big data, hyperconverged infrastructure, software, commercial digital displays, I.P. surveillance, POS solutions, AIDC, document imaging, CAD and graphics, collaboration solutions, cloud computing, containers and micro-services, IoT, AI, Robot Process Automation, data center solutions and managed services, everything as a service, and training.
A member of the VST-ECS Group, one of the largest IT distributors in the region, VSTECS continues to partner with the leading brands in the industry to offer its channel partners best-in-class IT solutions.
About ADVANCE.AI
ADVANCE.AI is a leading AI company that provides digital transformation, fraud prevention, and process automation solutions for enterprise clients. A leader in Artificial Intelligence, risk management and digital lending solutions, it currently partners over 700+ enterprise clients across banking, financial services, fintech, payment, retail and e-commerce sectors. ADVANCE.AI is part of Advance Intelligence Group, one of the largest independent technology startups based in Singapore. Founded in 2016, the Group has presence across South and Southeast Asia, Latin America and Greater China. The Group is backed by top tier investors SoftBank Vision Fund 2, Warburg Pincus, Northstar, Vision Plus Capital, Gaorong Capital, Pavilion Capital, GSR Ventures and Singapore-based global investor EDBI.
