Of late, various companies are trying to sustain their foothold in the market by extending their reach to several regions worldwide. Following a similar pattern, ABC Technology has decided to mark an international entry through the city of Singapore.

The fintech startup reportedly announced its plans on company expansion overseas. The company has planned to establish its international headquarters in Singapore. It has been claimed that the international headquarters would indulge into the sales and marketing operations. Further, it would also direct the filing and registration of patents for startup IPs.

Industry analysts claim that the idea of overseas expansion marks the company's step to introduce its AI-based financial technology solutions to the global platform.

For the uninitiated, ABC Technology since 2016, has been involved in developing an AI-platform which automates the overall data processing cycle from both the structured and unstructured data sources. The company's natural level processing language helps various enterprises to carry out better and faster performance. This is highly intended to build up the company's investments.

Apparently, the company's portfolio includes various language processing AI like the Everdroid.ai used for unstructured data extraction and automation, Eversight.ai for data mining and visualization, and Fin.data for asset management. Additionally, Analyst.ai natural language deep search engine also commands the company product line up.

Mason Yang, the founder and CEO of ABC Technology, on this strategic expansion quoted that Singapore holds a leading position globally as a financial hub. This strategic trait impelled the company to opt for the region for profitable expansion. He further added that the country possesses sound corporate governance and is highly feasible to business operations.

Meanwhile, the APAC sales VP for ABC Technology, Tay Lip Sang reportedly cited that the company's solutions find intense utilization by leading financial institutions in Singapore, Hong Kong, and China. Also, Singapore headquarters would allow ABC to easily communicate with the customers across the regions.

It has also been apprehended that the company is using Singapore as a catalyst to sustain its presence in the APAC region.
 

Source credit: https://finance.yahoo.com/news/fintech-startup-abc-technology-establishes-010000582.html