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ICICI Lombard and Arya.ai Set a New Standard in Insurance Automation

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MUMBAI, India, Nov. 29, 2024 /PRNewswire/ — ICICI Lombard, one of India’s leading private-sector general insurance companies, has partnered with Arya.ai, a pioneer in AI-powered enterprise solutions, to transform its processes using Arya Apex, a comprehensive AI API platform. This collaboration has achieved 98% workflow automation, reduced manual quality checks to just 2%, and set a new industry benchmark by deploying the solution across systems in a record three-month timeframe.

This resulted in operational efficiency and measurable improvements in operational speed and customer satisfaction, reinforcing ICICI Lombard’s commitment to delivering seamless, customer-first experiences while staying at the forefront of innovation.

Yatish Bhatia, SVP Technology, ICICI Lombard, shared:
“Arya.ai has been a game-changer in our digital transformation journey. Their cutting-edge technology and Arya Apex platform allowed us to achieve an incredible 98% automation of our workflows, cutting manual interventions to a mere 2%. With record-breaking deployment speed and scalability, Arya.ai has empowered us to deliver on our promise of making insurance more accessible and hassle-free for our customers.”

Arya.ai’s AI-driven APIs, available through Arya Apex, have revolutionized key tasks such as identity verification, document intelligence, and risk analysis, enabling ICICI Lombard to supercharge productivity and enhance customer satisfaction.

Deekshith Marla, Co-founder, Arya.ai, added:
“This collaboration is a prime example of how AI reshapes the BFSI industry by driving efficiency, agility, and innovation. By leveraging Arya.ai’s scalable AI APIs and the Arya Apex platform, ICICI Lombard has unlocked unparalleled value—streamlining operations and transforming customer engagement. We are proud to partner with ICICI Lombard in setting a new standard for customer-centric excellence in the insurance industry.”

This partnership highlights the transformative potential of AI-powered API solutions, positioning Arya Apex as a cornerstone of smart automation for the insurance industry’s future.

Quantifiable Impact

98% automation of workflowsOnly 2% of workflows are manually checkedUnprecedented time to production of 3 monthsEnhanced scalability and customer experience

About ICICI Lombard

ICICI Lombard General Insurance Company Limited is one of India’s most innovative private-sector general insurance companies. Offering a diverse portfolio of motor, health, travel, and home insurance products, ICICI Lombard remains at the forefront of customer-centric transformation.

About Arya.ai

Arya.ai is a leading provider of AI-driven enterprise solutions, offering intelligent automation and scalable APIs through its Arya Apex platform. Designed for the BFSI sector, Arya Apex delivers seamless solutions for fraud detection, identity verification, document analysis, audio intelligence, and more such AI models, empowering businesses to enhance efficiency, scalability, and customer experiences through transformative AI technology.

Experience the future of AI-powered automation with Arya Apex.

Visit https://arya.ai/ or connect with us for a customized demo at hello@arya.ai

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13 Years Strong: Empowering Automotive Insights with VIN Decoder Technology and Data Solutions

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From advanced VIN decoding technology to detailed vehicle history reports, VinAudit continues transforming the automotive industry by providing trusted and accessible vehicle data.

KIRKLAND, Wash., Nov. 28, 2024 /PRNewswire-PRWeb/ — For over 13 years, VinAudit has established itself as a trusted provider of cost-effective automotive data solutions. Offering a powerful VIN decoder alongside comprehensive vehicle history reports, VinAudit empowers car buyers, dealers, and businesses to unlock critical vehicle insights without breaking the bank.

“Our goal has always been to make car buying and selling easier for everyone by turning data into clear, actionable insights. We’re committed to continuously developing products to meet the evolving needs of the automotive industry and providing the best tools for both consumers and businesses.”

A Legacy of Affordable Transparency

VinAudit has solidified its role as a trusted leader in automotive data, providing businesses and consumers with seamless access to vehicle specifications and comprehensive history reports. Its advanced VIN decoding technology allows users to unlock detailed insights into a vehicle’s specs—such as manufacturer, model year, engine type, fuel efficiency, assembly location, and trim details—alongside historical records crucial for evaluating a vehicle’s condition and value.

Unlocking Critical Vehicle Data

VinAudit’s VIN Decoder is more than just a tool for extracting data from the 17-character Vehicle Identification Number (VIN). It also aggregates data from the National Motor Vehicle Title Information System (NMVTIS), industry partners, and independent sources, delivering critical details such as:

Vehicle specificationsAccident and theft records, recall statusOwnership, title history, and mileageMarket value and cost of ownership

VinAudit’s solutions cater to diverse automotive needs. Consumers use vehicle history reports to make informed purchasing decisions. Businesses use tools like vehicle Specs API and other tools to acquire up-to-date information for inventory management, pricing, and sales strategies. The VinAudit decoder may also provide some insights into factory specifications or OEM build data and complement window sticker details. This additional layer of information ensures that both consumers and businesses can verify and validate vehicle details accurately, empowering decision-making and improving inventory management.

About VinAudit

VinAudit, based in Kirkland, WA, is a trusted provider of automotive data solutions serving consumers and businesses, including dealerships, automotive platforms, and resellers. Its VIN decoding technology and vehicle data products support informed car-buying decisions, inventory optimization, pricing analysis, seamless system integrations, and branded vehicle history reporting. For more information, visit www.vinaudit.com.

Media Contact

Natalia Davis, VinAudit.com, 1 800-480-4428, pr@vinaudit.com, https://vinaudit.com/ 

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SOURCE VinAudit.com

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Precision Biometric Launches InnaITKey Password Manager – Soft Token

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A Revolutionary Solution for Secure Password Management

CHENNAI, India, Nov. 29, 2024 /PRNewswire/ — Precision Biometric India Pvt. Ltd., a leading innovator in identity and security solutions, proudly announces the launch of the InnaITKey Password Manager – Soft Token, an advanced mobile-app based password manager, designed to empower users with unmatched security and ease of use.

The InnaITKey Password Manager – Soft Token is a cutting-edge solution that leverages a smartphone’s native biometrics and military-grade PKI encryption technology, to provide strong, secure authentication for all browser-based services, including email, banking, share trading, ticket booking, and more. Unlike traditional password managers, credentials are stored exclusively on the user’s smartphone, eliminating the risks associated with cloud storage.

“With the launch of the InnaITKey Soft Token Password Manager, we are continuing our commitment to innovating in the field of identity security. As concerns around password theft and cyber-attacks continue to grow, we wanted to provide a secure yet simple-to-use solution that offers complete peace of mind to our customers. This software-based version is a great addition to the security ecosystem, enabling a wide range of users to protect their credentials effectively,” said Mathew Chacko, Founder Director & CEO of Precision Group.

Key Features and Benefits

Secure Authentication: Combines smartphone’s native-biometrics with PKI technology to deliver uncompromised security.No Cloud Storage: Credentials are encrypted and stored only on the user’s device, reducing vulnerability to breaches.Convenient and Cost-Effective: Eliminates the need for additional hardware. A year’s subscription costs just what one would spend on a coffee break.Easy Backup and Recovery: Simplifies credential management without compromising on safety.Flexible Access: Enables authentication using native biometrics or QR codes.

The InnaITKey Password Manager is ideal for anyone who relies on browser-based services, from casual internet users to professionals managing sensitive data online.

The InnaITKey Password Manager – Soft Token is available for purchase at www.innaitkey.com. As part of the launch promotion, users can enjoy a three-month free, full-featured trial by applying the coupon code PRL3MFRN24 during checkout.

To experience the power of secure, smartphone-based password management, users can visit www.innaitkey.com today to avail of the free trial and explore an annual subscription designed to fit their budget.

About Precision Biometric

Precision Biometric is part of Precision Group, which is in its 29th year of operations, providing Biometric, IoT, Cloud & Systems Integration solutions, and IT Infrastructure Management Services. Headquartered in Chennai, we have offices across major metros, with a 250+ location service network in India. Precision Biometric’s solutions prevent impersonation and password compromise. Solution offerings include hardware and software solutions, such as Single Fingerprint scanners, ABAS attendance devices, the patented & CERT-In InnaIT IdP Framework, and InnaITKey (patent pending). Precision’s fingerprint scanners (UIDAI/STQC certified) and InnaITKey (FIDO2L2 Certified) tokens are widely implemented.

For more information, visit www.innait.com and www.innaitkey.com

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Artificial Intelligence Association of Hong Kong Set to Propel AI Innovation Across Key Industries

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Founding Members from Pillar Industries and the Leaders in the AI Community
Come Together to Celebrate the Launch of the Association

HONG KONG, Nov. 29, 2024 /PRNewswire/ –The Artificial Intelligence Association of Hong Kong (AIHK) is excited to announce its official launch and its plans to propel Hong Kong’s AI innovation. AIHK is an independent, industry-agnostic platform dedicated to promoting and advancing the development, adoption, commercialization, and use of AI across businesses, corporates, enterprises, institutions and organizations that operate in Hong Kong and beyond.

AIHK is founded and chaired by Neil Tan, who has over 20 years of experience in corporate strategy, mergers & acquisitions, business and partnership development across the banking, management consulting and tech industries. Neil is currently the Managing Partner at Tsunami Advisors, an advisory and consulting firm dedicated to helping FinTech, Artificial Intelligence, Digital Asset, and Web3 firms expand, grow and scale in the Asia Pacific Region. He is also one of the committee members of Task Force on Promoting Web3 Development established by the Hong Kong SAR Government under Financial Secretary Paul Chan.

“Our mission is clear: to position Hong Kong as a global AI innovation hub. By bringing together leaders from various sectors, we will create a collaborative environment that fosters AI innovation and accelerates the adoption of the technology to drive growth for key industries that make up Hong Kong’s economy. The association will provide the perfect platform for business leaders, technology innovators and the public sector to come together to advance the understanding, application and use of AI for the betterment of business, industry and society,” said Neil Tan, Founder & Chairman of AIHK at the launch ceremony. 

AIHK’s Founding Members include C-Suites and senior executives from prominent organizations including AXA Hong Kong and Macau, Cathay Pacific, Clifford Chance, Chow Sang Sang, DBS Bank, HKT, Li & Fung, Prudential Hong Kong, PwC HK, Standard Chartered, Tessellation and Towngas to name a few. Founding Members represent key sectors in Hong Kong including the consumer, energy, finance, insurance, legal, logistics, manufacturing, retail, telecom, and transport sectors, and all of them have roles and responsibilities for driving the AI strategy and execution within their respective organizations.

AIHK’s Mission and Vision

AIHK was set up with the goal to foster a vibrant AI ecosystem and better position Hong Kong as a leading AI innovation hub. AIHK’s mission is to help businesses and organizations harness the potential and power of AI, align with international standards and introduce new AI-related use cases and applications to boost productivity, efficiency and competitiveness across the key industries in Hong Kong.

The four pillars of AIHK’s strategy includes:

Policy & Governance
AIHK will actively engage with policymakers to influence and shape AI regulations that impact businesses in Hong Kong, ensuring that the interests of its members are represented. The association will advocate for robust corporate governance frameworks that promote ethical and responsible AI use across all sectors.

Ecosystem & Community
AIHK aims to foster a vibrant ecosystem that supports collaboration among businesses, researchers, and government entities, enhancing the overall AI landscape in Hong Kong. By building a strong community, AIHK will facilitate networking opportunities that encourage the sharing of best practices, use cases and innovative applications.

Collaboration & Partnership
AIHK will serve as a catalyst for collaboration among industry professionals, leading researchers, and global experts to drive joint initiatives that address common challenges in AI implementation. Through strategic partnerships, the association will enhance knowledge exchange and promote the development of AI technologies that benefit the broader community.

Knowledge & Education
AIHK will work closely with its members and external partners to provide educational resources that keep stakeholders and the broader ecosystem informed about industry trends and advancements in AI. By offering workshops, seminars, and knowledge-sharing sessions, AIHK will empower its members to enhance their skills and understanding of responsible AI practices.

By embracing a cross-sector, cross-function, and cross-industry approach, AIHK believes that diverse perspectives will drive innovation and growth in the AI industry.  

Calling on Industry Leaders and Members of the AI Community

Whether it’s an individual who wants to contribute to Hong Kong‘ AI development, corporations that are looking towards digital transformation, or Small to Medium-sized Enterprises (SMEs) and startup ventures looking to AI to scale their business and operations, AIHK welcomes industry leaders and corporate members of the AI community to participate. AIHK will focus on growing its network, members’ expertise and technical know-how to help shape different industries and together, advance the development, adoption, commercialization, and use of AI across Hong Kong and beyond.

AIHK membership will provide members with exclusive networking opportunities, access to AIHK-organized events, on-demand webinars, contribution to industry whitepapers, discounts to workshops and seminars, as well as co-marketing and thought leadership opportunities.

A word from AIHK’s Corporate Founding Members

Dominic Maffei, Head of Digital Assets & Fintech, Hong Kong, at Standard Chartered, remarked, “AI-driven innovations are not just trends; they’re essential for staying competitive in the evolving financial landscape. Incorporating AI into operations allows businesses to predict market trends and enhance efficiency.”

Natasha Cheng, Director of Tessellation Group, said, “AI accelerates design and prototyping process, optimizes supply chains with accurate demand forecasting, automates production for efficiency, enhances quality control through image recognition, enables mass customization, and offers insights into consumer behavior – ultimately saving costs and time for a more agile future.”

Queenie Chan, General Manager of Business Analytics & e-Development at Towngas, said, “Artificial intelligence is set to revolutionize the energy sector by enhancing operational efficiency and optimizing customer engagement strategies. The establishment of the Artificial Intelligence Association of Hong Kong is a crucial initiative that will drive innovation and collaboration across industries, positioning Hong Kong as a global leader in AI advancements.”

Rocky Mui, Partner at Clifford Chance, highlighted the importance of regulation and said, “The decisions made by regulators in the coming months and years about how to regulate AI will be critical to the AI innovation landscape in Hong Kong and beyond. AI regulation should promote agility, innovation and clarity for businesses, but also transparency, accountability, and fairness, ensuring that AI systems are designed and deployed in a manner that aligns with ethical standards and societal values. Collaboration between regulators and industry will be key to ensuring that we have a responsible AI policy that strikes the right balance between fostering innovation and safeguarding stakeholders.”

Sam Lim, Chief Information Technology Officer of Prudential Hong Kong, stated, “Artificial Intelligence is revolutionizing the insurance industry. Our unwavering commitment to Al applications ensures that we consistently deliver value and security to our customers.”

About AIHK
The Artificial Intelligence Association of Hong Kong (AIHK) is a non-profit association dedicated to promoting and advancing the development, adoption, commercialization, and use of AI across businesses, corporates, enterprises, institutions and organizations. The mission of AIHK is to propel and position Hong Kong as a global AI innovation hub by bringing together leaders from various sectors, creating a collaborative environment that fosters AI innovation and accelerating the adoption of the technology to drive growth for key industries that make up Hong Kong’s economy.

For more information, please visit LinkedIn page or email contact@aihongkong.org

Appendix

List of Founding Members by alphabetical order:
 (Corporate Founding Members are designated with *)

Founding Members

Title

Company

Alan Lau

Chief Business Officer

Animoca Brands *

Andrew Eldon

General Manager, Digital Experiences 

Cathay Pacific

Ankit Suri

CEO & Founder

Planto

Benson Wong

Managing Director, Head of Digital Products and Channels, International Private Bank

JPMorgan Chase & Co.

Caroline York          

Director of Marketing

Serotonin

Dominic Maffei

Head of Digital Assets & Fintech HK

Standard Chartered *

Gary Ho

Chief Information Officer

AXA Hong Kong and Macau *

Jeanne Lim

CEO & Founder

BeingAI

Keith Ip

Chief Technology Officer

Li & Fung

Kok Tin Gan

Founder of PwC’s Darklab

PwC HK

Marcos Chow

Group Chief Information Officer

HKT

Medhy Souidi

Head of Innovation & Experiences

DBS Bank

Natasha Cheng

Director

Tessellation

Neil Tan

Founder & Managing Partner

Tsunami Advisors

Peggy Lau

Director Artificial Intelligence

Chow Sang Sang

Queenie Chan

General Manager, Business Analytics & e-Development

Towngas *

Rocky Mui

Partner

Clifford Chance *

Sam Lim

Chief Technology & Digital Officer

Prudential Hong Kong *

Yannick Mahé

Head of Business Engineering & Growth Engineering, Greater China Region

Meta

 

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SOURCE The Artificial Intelligence Association of Hong Kong

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