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DemystData Celebrates its One-Year Anniversary in Singapore with the Launch of a New Center of Excellence

DemystData
2017-04-04 09:00 2700

SINGAPORE, April 4, 2017 /PRNewswire/ -- DemystData announced its plans for a new Global Center of Excellence (CoE) in Singapore that will build up capabilities in data science and engineering, develop best practices in leveraging big data, and champion talent development for the fintech industry. This expansion comes as the company celebrates its one-year anniversary in Singapore.

The DemystData team in the company's Singapore office.
The DemystData team in the company's Singapore office.

The New York-based software provider, whose mission is to mobilize the world's data to unlock financial services, will use this CoE to nurture top talent in data science and software engineering. As part of this initiative, DemystData will also engage with leading Singapore-based companies and institutes of higher learning to further raise awareness around best practices in data access, modelling, and engineering.

Since its founding in 2010, DemystData has seen rapid client adoption of its platform that helps financial institutions expand to new customer segments and meet their compliance and risk goals in a world of ever-growing data availability. It currently works with leading global banks and insurers across Asia-Pacific on implementing key risk and client onboarding strategies.

"As we continue to see a booming demand for software solutions that drive financial inclusion – especially in markets such as Indonesia, Philippines, and IndiaSingapore has provided the ideal environment and hub for us to manage our regional operations and better serve our clients," said Mark Hookey, DemystData's Founder & CEO. "This CoE will enable us to grow local capabilities in software development and data science to help further boost our technology and support our clients' most critical risk and growth decisions."

"We welcome DemystData's investment in Singapore. Fast growing technology companies are increasingly setting up technology development teams in Singapore to build new products for global markets. This provides excellent career opportunities and technical grounding for our talent base in Singapore," said Kiren Kumar, Assistant Managing Director at the Singapore Economic Development Board (EDB).

About DemystData

DemystData is a software company that helps financial institutions harness the explosive growth of data to serve more customers. Our cloud-based platform enables fast integration, centralized access, and structuring of any data, all through a single interface. DemystData's software services allow clients to solve some of their most critical issues related to extending credit to the right borrowers, combatting fraud, and meeting regulatory compliance requirements. DemystData has offices in New York, Singapore, Hong Kong and Melbourne.

Learn more about DemystData at http://DemystData.com.

Contact:
Laurence Chalude
lchalude@demystdata.com

Source: DemystData
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