Heaptalk, Jakarta — Singapore’s digital identity verification and risk management solutions provider, Advance.AI appointed two talented leaders to run its business in the archipelago. These experienced women include Fuenny Liwang, who will serve as the Director of Growth Accounts, and Anggraini Rahayu as the Director of Strategic Accounts,
Fuenny has three decades of sales and leadership experience in various industries, from financial services, telecommunications, IT systems, healthcare and airports. Previously, he held senior management positions at PT T System Indonesia, VMWare, Microsoft, and Telkom Indonesia Group.
Meanwhile, Anggraini has three years of experience in several industries, such as artificial intelligence, machine learning, analytics, financial service, IT, and retail. Prior to joining Advance.AI, she held senior management positions at PT SAS Institute, Diebold Nixdorf, and IBM Indonesia.
“Indonesia’s financial services, e-commerce, and retail industries continue to experience dynamic transformation. However, the industry faces many challenges, from identity fraud and credit risk to compliance and threats from AI-generated content. I am confident that my industry experience can help our clients in Indonesia.” said Anggraini.
Advance.AI has served more than 500 enterprise clients in the banking, financial services, fintech, payments, retail, and e-commerce sectors. The company also continues to expand its business reach in several countries, covering China, India, Vietnam, the Philippines, and Indonesia in 2020.
In the latest partnership, this company cooperated with Bank Jago to integrate AI-powered electronic know-your-customer (eKYC), expecting to simplify customer registration under strict security and compliance standards. The company claimed this scheme can protect customer identity with an accuracy rate of up to 99% and prevent fraudulent activity from technological exploitation.
As information, Advance.AI is an Advance Intelligence Group’s subsidiary. The group landed a USD80 million in funds from an investor consortium led by existing investors, including Warburg Pincus and Patrick Walujo’s Northstar Group.
“Digital identity verification is vital. In addition to financial services, many industries still experience challenges in verifying customer identity. Adopting eKYC is the proper way to simplify the customer registration process, which is also expected to increase efficiency and reduce company operational costs. This scheme is also critical to avoid forbidden access and fraud,” Fuenny said.
