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VSTECS partners with ADVANCE.AI as distributor to strengthen businesses’ anti-fraud, risk management in the Philippines

VSTECS partners with ADVANCE.AI as distributor to strengthen businesses’ anti-fraud, risk management in the Philippines

VSTECS, Phils Inc., a leading ICT distributor in the Philippines, has been appointed sole distributor of ADVANCE.AI’s eKYC, fraud and risk management solutions in the country.

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.”

We aim to be the one partner that will journey with our clients through their digital transformation and make this a smooth journey. Here is the Advance AI and VSTECS Team (Leny Roxas – AAI Business Development Manager, Chris Razon – AAI Channel Partnership Manager, Marlon Ginogino – AAI Senior Solution Consultant, Marcs Tan- VSTECS Product Manager, Anj Pobre VSTECS Channel Sales Executive, Marisol Centeno and Shao Abion – VSTECS Product Solution Engineer).

To learn more about ADVANCE.AI, feel free to contact Marcs Tan at [email protected].

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About The Author

Raymund Ravanera is an accomplished and experienced graphic designer with almost 20 years of creative expertise working in the graphic design industry. He loves the latest gadgets, food and movies. Currently, he owns and manages megabites.com.ph, an online technology and lifestyle blog since 2015.

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