Appointment comes as Singapore-headquartered AI firm accelerates growth with offices in Delhi, Mumbai and Bangalore

ADVANCE.AI, a Singapore-headquartered AI and big data company helping to solve digital transformation, fraud prevention, and process automation for enterprise clients, has appointed Darshan Shah as its India Managing Director. Shah brings with him over 20 years’ experience in credit scoring and underwriting, AI-based digital customer onboarding, and digital lending. His most recent role was as Chief Business Officer at Trusting Social.

Before that, Shah held top leadership positions at credit bureaus Experian, Transunion, and Equifax in India and Canada. Prior to joining ADVANCE.AI full time, he served on its advisory board as Chief Advisor. ADVANCE.AI expanded to India last year and has since opened a third office in Mumbai as it seeks to accelerate digital capabilities and partnerships with India’s banks, financial services, and insurance (BFSI) sector.

Darshan Shah, Managing Director for India at ADVANCE.AI, said: “I’m delighted to join ADVANCE.AI to help accelerate our growth in India. Our core mission remains unchanged from when we opened our first office here last year, which is to bring our technology leadership and local market expertise to help innovate and accelerate the digital onboarding, risk, and credit underwriting capabilities of India’s BFSI sector. This is more important than ever in the current COVID landscape.”

ADVANCE.AI partners over 100 enterprises in India including CASHe, a leading app-based digital lending platform, Cashfree, a Bangalore-based payment and technology company, and Faircent, India’s largest peer-to-peer lending platform. ADVANCE.AI’s recent consumer consented data partnership with credit bureau Equifax will also empower Indian businesses to better manage customer acquisition, credit, and fraud and portfolio risk.

ADVANCE.AI has grown rapidly across six Asian markets in the past year, achieving 350 per cent year-on-year growth in API calls. The company’s products cover three major areas: artificial intelligence (digital identity verification for KYC, intelligent process automation, chatbots), risk management (anti-fraud prevention, alternative credit scoring), and digital lending solutions. 


ADVANCE.AI is a leading AI and big data company in Asia, helping to solve digital transformation, fraud prevention and process automation for enterprise clients. Started in 2016, the Singapore-headquartered company is a leader in Artificial Intelligence, risk management and digital lending solutions. It currently partners over 500 enterprise clients across Southeast Asia and India and has seen rapid growth for AI solutions in recent years. Sector focuses include banking, financial services, fintech, payment, retail and e-commerce. ADVANCE.AI is a Series C-backed company and part of a consortium bidding for Singapore’s digital wholesale banking licence.

Darshan Shah is the Managing Director of India at ADVANCE.AI. He most recently served as the Chief Business Officer of Trusting Social, a leader in alternate data scoring and AI-based digital customer onboarding, where he managed its India operations. Prior to that, he held leadership positions with top bureaus such as Experian, Transunion, and Equifax in India and Canada. Darshan is passionate about helping companies grow through his business acumen and leadership skills.

Post a Comment

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