news

Bosch’s Spin-off ACTICO Signs DMI Finance as Its 1st Indian Customer for their Machine Learning Offering

0
ACTICO e1560509635601

ACTICO (formrely Bosch Financial Software), a global leader in providing software for intelligent automation, today announced DMI Finance as its first Indian customer for its new product, ACTICO Machine Learning.

DMI Finance has been working with the platform since April 2018 to enable real time decisions across the lending lifecycle – from credit scoring and decisioning to loan disbursals. DMI Finance has also made an investment in ACTICO Machine Learning to apply intelligent technologies to optimize and automate decision-making processes at scale.

Speaking on this partnership, Mr. Shivashish Chatterjee, Co-Founder & Managing Director, DMI Finance said, “We are happy to extend our already successful partnership with ACTICO. Machine Learning is an integral part our decisioning capabilities – in line with our focus of making the best credit decision in the least amount of time. We believe ACTICO’s Machine Learning platform is a strategic addition to our technology stack and will help us achieve scale without meaningful additions to our team.”

Speaking on the new customer win, Mr. Ajit Shah, Managing Director- APAC, Middle East and Africa, ACTICO, said, “We are thrilled to deepen our association with DMI. The Machine Learning capability of our platform provides a vital toolkit for Banks, NBFCs as well as for the new age Fintech companies to unearth insights from ever-increasing quantities of data. We strongly believe that, in the future, a combination of human intelligence and data insights will help firms take optimum decisions and this will continue to be the guiding philosophy for our product development endeavors.”

Launched in May 2019 in India, the ACTICO Machine Learning platform totally redefines the conventional approach of using machine learning in standalone systems and integrates it into operational decision-making. The predictive models generated are used to optimize business outcomes in intelligent automation scenarios across business lifecycle, such as product recommendations, fraud detection and risk management.
About ACTICO

RELATED READING  Wipro Launches Artificial Intelligence and Machine Learning Solutions Powered by Amazon Web Services

ACTICO is a leading international provider of software for intelligent automation and digital decisioning. Its roots go back to 1997 and Innovations Software Technology GmbH, which became part of the Bosch Group in 2008. ACTICO was formed when Bosch spun off its financial software operations in November 2015. As an independent company, it supports its international customers from locations in Germany, the U.S., and Singapore.

It provides best-in-class software solutions and tools with applications from financial services to manufacturing and retail to healthcare, enhancing day-to-day decision-making and end-to-end automation.

Supported by a deeply experienced team, DMI Finance was founded in 2008 and since then has grown into a pan-India credit platform with core businesses in corporate lending, housing finance, digital consumer & MSME finance and asset management. It is supported by global institutional investors, strategic family offices, leading banks and public market creditors in India.

Via ~ Business Wire India feed, with some editing

Like this content? Sign up for our daily newsletter to get latest updates.

Ola to Set up Tech Centre in U.S. Silicon Valley for Electric, Connected & Autonomous Mobility Solutions

Previous article

Microsoft Launches AI Labs in 10 Indian Educational Institutes

Next article

Comments

Comments are closed.