Intain, a NYC-based company which specialises in digital structured finance, acquired IN-D.ai, a Singapore-based company specializing in the transformation of unstructured documents and data into actionable insights.
The amount of the deal was not disclosed.
With the acquisition, Intain will automate processing of unstructured documents and data in asset-backed finance.
IN-D.ai is an artificial intelligence platform that supports financial institutions in developing widely distributed operations. Utilizing AI, the platform processes documents, images, and videos and synthesizes data to automate critical processes such as due diligence, KYC, operational risk management, and insurance claims administration. Its technology has been used in diverse projects including zero-touch partner onboarding for a ride-hailing service and a pilot with the Government of India to enhance the accessibility of consumer dispute cases.
Intain provides a platform that uses a combination of blockchain, artificial intelligence, and other digital technologies to create a collaborative data environment for lenders, issuers, investors, and other parties involved in asset-backed transactions. The company is headquartered in New York City and maintains additional offices in Chennai and Pune, India and is backed by investors such as JAM FINTOP, Avalanche’s Blizzard, Intervest, Hamon Investment Group, and Blockseed Ventures.
FinSMEs
07/05/2024