The Business Times
business-time-50

AIA’s Amplify Health acquires AI startup AiDA, plans hiring spree

Claudia Chong

Claudia Chong

Published Tue, Jan 10, 2023 · 08:00 AM
    • AiDA Technologies helps companies automate underwriting and claims processing, and detect fraud, waste and abuse.
    • AiDA Technologies helps companies automate underwriting and claims processing, and detect fraud, waste and abuse. PHOTO: PIXABAY

    AMPLIFY Health, an healthtech set up by AIA, has fully acquired artificial intelligence (AI) startup AiDA Technologies as it looks to expand its team by hundreds of staff by the end of 2023.

    The value of the deal, which was all-cash, was undisclosed.

    Singapore-based AiDA was founded in 2016 by Tan Geok Leng, Shonali Krishnaswamy, Sivakumar Viswanathan and Tam Nguyen, a team of data scientists from the InfoComm Research Institute under the Agency for Science, Technology and Research.

    AIAInsuranceInsurtechM&AArtificial Intelligence

    TRENDING NOW

    Malaysian Chinese bag-maker Liew Bin now sees value in protectionist measures as low-cost competition from China threatens Malaysian small and medium-sized enterprises.

    Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing

    Should it trail its peers in performance, UOB may find it harder to attract and retain talent, and invest adequately in AI, technology and risk-management capabilities.

    Looking beyond looming CEO succession, should UOB potentially pursue a transformative merger?

    The divergence between stablecoin legislation in the US and Europe is striking, reflecting broader debates about monetary sovereignty and financial stability.

    Could stablecoins be the future of money?

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More