A Fintech leader, Perfios wins ASEAN-India Business Achievement Award 2023

The ASEAN-India Business Council (AIBC) honored Perfios for its sustained efforts to drive digital transformations for the BFSI segment and help achieve the goal of controlling medical inflation through smart insurance claims decisions.

Kuala Lumpur, Malaysia, March 20, 2023 /PRNewswire/ — Perfios, the category creator, leader in AI-powered financial software solutions, has been awarded the prestigious AIBC Award at the 5th ASEAN-India Business Summit in Kuala Lumpur, Malaysia.

Located in Kuala Lumpur, Perfios is a global leader in AI-driven financial decision-making solutions and has over 80% market share within its key market segments. With extensive ASEAN presence included Singapore, Malaysia, Vietnam, The Philippinesand IndonesiaPerfios has demonstrated an ecosystem-wide integration with cross-sector players in the region, and redefined the landscape for credit and insurance decisions.

Trusted by 900+ BFSI institutions globally, Perfios operates across 18 different geographies. Demonstrating world-class capabilities, Perfios has pioneered ingenious AI/ML-powered solutions by leveraging insights from 500+ million transactions processed every month, underpinned by global best practices for quality and data security standards.

“As Malaysia-based company, we are delighted that our contribution to ASEAN’s financial services has been recognized and we hope to continue helping ASEAN’s banks and insurance companies jump in the race to build AI capabilities into their decision making,” says Perfios’ managing director for international operations, Pramod Veturi. “At the same time, our underwriting capability has proven to help insurers sharply control claims costs and rein in inflation within rising medical costs.”

Perfios’ Insights, a Fintech solution using intelligent OCR and machine learning, transformed the lending practices of Southeast Asian banks and NBFCs by digitally analyzing bank statements. The solution drastically reduced credit processing time for top banks in the region, resulting in an improved user experience for their SME customers.

InsurTech solution, Acclaim, helps Southeast Asian health insurers combat fraud, waste and abuse (FWA) by verifying the authenticity of claims In reality – thereby helping to address one of ASEAN’s biggest concerns in controlling medical insurance inflation. Acclaim has reduced claim processing time for its clients by over 80%, while delivering more than 5% savings in claim payouts for ASEAN’s top life and health insurers.

Perfios is committed to driving digital transformation and financial inclusion for the BFSI segment and this award recognizes its sustained efforts to achieve this goal.

About Perfios

Perfios Software Solutions is the largest SaaS-based B2B Fintech software company empowering 900+ FIs to make informed decisions in real time. Perfios specializes in real-time financial decisions, analytics, end-to-end onboarding automation, due diligence, monitoring, litigation automation and more.

Perfios’ core data platform is built to collect and analyze both structured and unstructured data and offer vertical solutions that combine both consensual and public data for BFSI spaces that meet their stringent requirements for scale performance, security and other SLAs.

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