Here Are The 7 Singaporean Companies Who Made it to 2021’s Top 100 AI Fintech List

Here Are The 7 Singaporean Companies Who Made it to 2021’s Top 100 AI Fintech List

by October 4, 2021

Fintech information platform Fintech Global has released its inaugural AIFintech100 list, identifying the 100 most innovative companies building artificial intelligence (AI) and machine learning (ML) solutions to serve the financial services industry.

Selected by a panel of industry experts and analysts out of 1,000 fintech companies based on growth potential, ingenuity and recent strides, these 100 companies leverage AI to improve efficiency and cut costs in fields such as accounting, insurance and cybersecurity.

Out of the 100 that made the 2021 AIFintech100 list, seven are Singapore-headquartered companies.

AIDA Technologies

Founded in 2016 by a team of award-winning data scientists from Singapore’s top research institute, AIDA Technologies is a specialist AI/ML company providing solutions to the insurance and banking industries.

AIDA Technologies has developed cutting edge solutions to accelerate lending and claims processes, identify revenue by driving top-line growth, automate internal processes, and anticipate and manage evolving risk and compliance.

Its suite of smart solutions can ingest structured and unstructured data, and can operate in an on-premise or cloud environment. AIDA Technologies also offers a pay-per-transaction model to ease adoption.

AIDA Technologies’ AI solutions have been tested and deployed by over 10 tier-1 banking and insurance customers in Singapore, Malaysia, Indonesia, Thailand, Hong Kong and India.


bambu fintech logo

Founded in 2016, Bambu is a global digital wealth technology specialist, providing financial institutions and fintechs with a cloud-based platform powered by proprietary algorithms and ML tools.

Bambu enables companies to make saving and investing simple and intelligent for their clients, providing both ready-to-use robo-advisors and custom-bult digital solutions. It also offers an API library that features a variety of cutting-edge tools designed to make wealth management easy for advisors and clients.

The company, which has a subsidiary in the UK and the UK as well as representations in Europe, the Middle East, and Africa (EMEA), serves over 20 financial institutions globally, including HSBC, Apex Clearing and Connect by Crossbridge. In July, it acquired Tradesocio, a rival wealthtech company which has presence in EMEA and India.



Founded in 2001, Contemi is an IT solutions provider, serving insurance, wealth management and capital market companies across Asia, Europe and Oceania.

Contemi’s products include the award-winning cloud-based Wealth Intelligence (WIN) platform which digitalizes wealth management value chain from a single platform;, a software-as-a-service (SaaS) platform for insurance value chain automation; NOVA, for Post Trade automation; and Analytics for intuitive portals, apps, and real-time data-driven insights.

Contemi’s foundations originated in the UK and Norway but its headquarters are located in Singapore. Contemi serves over 50 clients across 11 countries. It was recently awarded the bronze medal for its Corporate Social Responsibility from EcoVadis, one of the world’s largest and most trusted providers for business sustainability ratings and assessments.



Founded in 2013, Moneythor is a software company providing banks and fintech firms with a toolkit to enhance their digital banking services.

The toolkit focuses on the generation of data-driven personalized and contextual recommendations for their customers, allowing for improved functionality and experience. It’s designed from the ground-up to be bank infrastructure-friendly and can be deployed on premises in the financial institutions’ technical infrastructure or in the cloud.

Moneythor, which also has presence in London, Paris and Tokyo, serves financial institutions in Australia, Canada, France, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, the UAE and Vietnam. Its clients include ANZ, DBS and Standard Chartered.

Most recently, Moneythor inked a deal with Japan’s Ogaki Kyoritsu Bank for a new personal recommendations service, a collaboration that will help it further expand its activities in the country.

Silent Eight

silent eight

Founded in Singapore with global hubs in New York, London, and Warsaw, Silent Eight is an award-winning regtech company that helps financial institutions manage their compliance and risk obligations.

The company leverages AI and ML to improve the name screening process, weed out money laundering and terrorist financing, reduce manpower and compliance risks, and enable better decision making.

The company, whose solutions are deployed in over 150 global markets, was the winner of the 2017 Fintech Abu Dhabi Innovation Challenge, the Monetary Authority of Singapore (MAS)’ 2017 Fintech Hackcelerator award and won the Top Fintech Award in Australia in 2018.

In January, Silent Eight inked a multi-year partnership with HSBC to support the bank in enhancing its compliance operations.


Incorporated in November 2014 in Singapore, Tookitaki combines ML, distributed systems and business expertise to create building blocks of sustainable compliance management.

The regtech startup has developed solutions to prevent money laundering, terror financing and automate large-scale banking reconciliations. Both the solutions, the Anti-Money Laundering Suite (AMLS) and the Reconciliation Suite (RS), have been tried and tested by financial institutions globally.

Tookitaki, an award-winner startup, counts amongst its clients the likes of the United Overseas Bank (UOB) and Hewlett Packard Enterprise (HPE).



Formed in 2015, Yun ESG is an AI startup that develops solutions aimed at simplifying processes and improving efficiency for the financial services industry.

The company utilizes AI and ML to accelerate work for credit risk, market risk, operations area, compliance check, and form filling. It transforms manual and incremental work using automation tools, thereby providing customers complete financial solutions.

Besides these seven Singapore-headquartered AI fintech companies, five Swiss companies also made the cut.

Immuniweb is an award-winning global application security company, delivering web and mobile app testing augmented with proprietary ML and human testing. NetGuardians helps over 60 banks around the world fight fraudulent payments in real-time.

Quant Infinity develops algorithmic trading solutions based on AI and ML for investment funds and asset management companies. SwissQuant creates and implements intelligent technologies primarily in private banking, clearing, asset management and insurance. And Vestun applies AI in asset management and organizational intelligence acquisition.

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