Perfios, a leading provider of digital transformation solutions for banks, financial service institutions, and insurance companies (BFSI), has been awarded by the ASEAN-India Business Council (AIBC) for its continuous efforts in driving digital transformation for the BFSI sector. The award was presented during the ASEAN-India Business Summit held in Malaysia.
Perfios leverages AI solutions to help over 900 BFSIs across 18 geographies make informed financial decisions in the industry. The company’s solutions are available in Singapore, Malaysia, Indonesia, and the Philippines, making them cross-border. Perfios is a pioneering company in the use of artificial intelligence and machine learning, honed by about half a billion monthly transactions and tight data security policies.
The company’s Smart-Insurance-Claims solution is a huge asset to the insurance and credit industry. It helps in regulating claim costs despite the spike in medical fees. Perfios CEO, Internal Business, Pramod Veturi, expressed his gratitude for the recognition and said that they are honored to be one of the companies known for helping the financial sector in the region leverage new technologies. He also added that their Smart-Insurance-Claims solution has helped insurance companies manage claims effectively, leading to cost savings.
Perfios uses intelligent OCR and ML to help nonbank financial companies (NBFC) narrow their credit processing time for faster and more seamless transactions. The company’s solutions are designed to help BFSIs reduce costs and improve efficiency, leading to a better customer experience. Perfios’ solutions have been deployed by some of the leading financial institutions in the region, including banks, insurance companies, and NBFCs.
The ASEAN-India Business Summit provides a platform for businesses in ASEAN and India to explore opportunities for collaboration and growth. The award presented to Perfios is a testament to the company’s commitment to driving digital transformation in the BFSI sector. Perfios has been recognized for its innovative solutions that have helped financial institutions stay ahead of the curve in an increasingly competitive market.
Perfios’ recognition by the ASEAN-India Business Council is a testament to the company’s continuous efforts in driving digital transformation in the BFSI sector.