Fintech innovator ABC Technology today announced its recognition as a Technology Pioneer by the World Economic Forum (WEF). It is one of just 15 Asian companies to receive this prestigious award. Selected from hundreds of candidates, it has distinctively set itself apart as a leading artificial intelligence (AI)-powered company that provides automation tools that significantly transform the way businesses work FinTech News.
The WEF Technology Pioneer status is accorded to a select group of early to growth-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Spotify, TransferWise, Twitter, and Wikimedia.
“ABC Technology and its fellow pioneers are developing cutting edge technologies all over the world. Beyond their innovations, these firms are contributing greatly to improving the state of the world,” said Susan Nesbitt, Head of WEF’s Global Innovators Community, of which the Technology Pioneers community is an integral part of.
This acknowledgment comes hot on the heels of ABC Technology being named by research firm IDC as among the 101 fastest growing fintech companies in the Asia-Pacific region (excluding Japan) in April.
“We are honoured to be selected as a Technology Pioneer and to be counted among past luminaries. It is a solid endorsement of us as a thought leader in the AI space. Our AI platform combines computer vision and natural language processing to allow businesses to automate data processing and analysis, dramatically transforming the way they work,” said Mason Yang, CEO of ABC Technology.
ABC Technology has a strong focus in the institution banking and fund management sector. With its robust AI solution, unstructured document and financial statements that were once labour-intensive to extract and analyse can now be automated.
“We are continually working with businesses across industries to increase automation of data processing to save time and increase efficiency. On a global front, ABC Technology is on a growth momentum and is actively seeking partners to help bring our technology to organisations around the world,” said Tay Lip Sing, Vice President of International Business of ABC Technology.