A Singapore-based startup called IN-D.ai, which focuses in turning unstructured data and papers into actionable insights, was purchased by Intain, a NYC-based business that specialised in digital structured finance. The deal’s total value was not made public.
Intain will automate the processing of unstructured data and documents in asset-backed finance as a result of the acquisition. An artificial intelligence platform called IN-D.ai helps financial institutions create widely dispersed operations.
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The platform uses artificial intelligence to process and synthesise data from papers, photos, and videos in order to automate important tasks including operational risk management, insurance claims administration, KYC, and due diligence.
Its technology has been applied to a variety of projects, including as a pilot with the Indian government to improve the accessibility of consumer dispute cases and zero-touch partner onboarding for a ride-hailing business.
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For lenders, issuers, investors, and other stakeholders in asset-backed transactions, Intain offers a platform that combines blockchain, artificial intelligence, and other digital technologies to create a collaborative data environment.
The company is supported by investors including JAM FINTOP, Avalanche’s Blizzard, Intervest, Hamon Investment Group, and Blockseed Ventures. Its headquarters are in New York City, and it also has operations in Chennai and Pune, India.
About IN-D.ai
An AI-powered platform called IN-D enables agile, low-cost, location-independent digital operations. IN-D provides a contactless yet linked operation, whether you’re processing insurance claims, managing accounts payable, or conducting KYC checks.
About Intain
Intain is developing intelligent blockchains, initially concentrating on asset-backed investments, to increase efficiency and transparency in capital market transactions.
