Prudential Singapore selects first batch of fintech partners

Major firm working with start-ups to develop innovative solutions for business processes

Prudential Singapore selects first batch of fintech partners

Insurance News

By Gabriel Olano

Prudential Singapore has selected three financial technology (fintech) start-ups for its first batch of partners in its PRU Fintegrate programme.

The three start-ups – Kyckr, Moxtra, and Sqreem – will work with mentors and business teams from Prudential to develop a proof-of-concept for their proposed solutions. They were chosen from a shortlist of six finalists based on their unique value proposition, alignment with Prudential’s goals, and their capability to deliver a pilot.

Kyckr helps companies comply with regulatory requirements by providing technological solutions to provide know your customer (KYC) due diligence and customer on-boarding. It also developed a global network that provides unique real-time access to more than 80 million legal entities, from over 190 business registers in 88 countries.

Moxtra provides organisations with secure messaging, rich document collaborations, and real-time interactions to improve productivity and engage remotely with employees and customers.

Sqreem uses on-demand artificial intelligence and cognitive learning to provide nonlinear pattern recognition technology which helps organisations identify links and associations across vast, unstructured digital activities on multiple platforms.

Prudential Singapore CEO Wilf Blackburn said that Prudential remains committed to fostering greater innovation in the industry through continued partnership with fintech start-ups.

“Collaboration with fintechs is a key pillar of our digital strategy to make insurance simpler and more accessible,” he said. “We look forward to working with our partners, Kyckr, Moxtra and Sqreem, to accelerate the development of new solutions and experience for our customers.”

Related stories:
Prudential Singapore invites fintech startups to collaborate
Prudential to provide Singapore start-ups free coverage for one year
Insurers must make the most of technology – Singapore deputy PM

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