Press

Singapore/London/Abu Dhabi, 23 April 2020 – RegTech startup Nexus FrontierTech is pleased to collaborate with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to spearhead the use of artificial intelligence to automate ADGM’s licence application process for Venture Capital (VC) fund managers. The co-created AI-enabled “RegBot”, which utilises natural language processing (NLP) and machine learning, will drive greater business efficiency and compliance for stakeholders operating in one of the fastest-growing financial centres globally. 

FSRA, responsible for the regulation and supervision of financial services in ADGM – Abu Dhabi’s award-winning International Financial Centre, oversees the authorisation and supervision of financial institutions looking to expand their footprint in the region. The FSRA has launched a series of RegTech pilot initiatives which employ emerging technologies such as AI to facilitate the quick and compliant entry of new players to support rapid industry growth.

Abu Dhabi Global Market Square

Nexus FrontierTech, a globally-recognised RegTech startup that caters to clients primarily in the financial services sector, has developed an AI-powered RegBot that potential applicants can interact with when applying for the licence online.

Powered by NLP and machine learning, the RegBot identifies and immediately clarifies information and risk gaps in the application as it assesses the applicant’s readiness to proceed.  A draft application form is automatically completed for the applicant. At the same time, an assessment report is generated for FSRA’s review. This increases business efficiency for all stakeholders and reduces turnaround time while ensuring compliance with FSRA’s rules and regulations.

For the trial implementation, FSRA has invited prospective VC fund managers exploring business opportunities in ADGM to try out the RegBot. Nexus looks forward to engaging FSRA and the VC community to test and improve the RegBot solution.

The collaboration was forged during Singapore Fintech Festival 2019, a testament to the city state’s ability to foster innovation and international collaboration in digital services.

“In the face of unprecedented change to the way services are being delivered, we are delighted to be part of ADGM’s journey to spur innovation and productivity in the UAE and the region,” commented Nexus’ Regional Director, Derrick Liao. “Having the opportunity to connect with ADGM also demonstrates Singapore’s strength as a centre for global cooperation and technological adoption.”

The firm has had its eyes set on Singapore as a financial and technological hub and has expanded its team there to tap into the business opportunities present in Asia.

Recently, Nexus welcomed two new advisors to their Senior Advisory Board: Jennifer Lewis, former Managing Director and Advisor to GIC, Singapore’s sovereign wealth fund, and David Hardoon, former Chief Data Officer and Special Advisor (AI) to the Monetary Authority of Singapore (MAS), to advise on communications and organisational leadership strategy, respectively.

 

About Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market (ADGM), an international financial centre (IFC) located in the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by a UAE Federal Decree as a broad-based financial centre, ADGM augments Abu Dhabi’s position as a global trade and business hub serving as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

ADGM’s strategy is anchored by Abu Dhabi’s key strengths panning over private banking, wealth management, asset management, derivatives and commodities trading, financial innovation, sustainability and more. Comprising three independent authorities: ADGM Courts, the Financial Services Regulatory Authority and the Registration Authority, ADGM as an IFC governs the entire 114 hectares (1.14sqkm) of Al Maryah Island which is a designated financial free zone.

It enables registered financial and non-financial institutions, companies and entities to operate, innovate and succeed within an international regulatory framework based on common law. Since its inception, ADGM has been awarded the “Financial Centre of the Year (MENA)” for four consecutive years for its initiatives and contributions to the financial and capital markets industry in the region.*

For more details on ADGM, please visit www.adgm.com or follow us on Twitter and Instagram: @adglobalmarket and LinkedIn: @Abu Dhabi Global Market (ADGM)

* Source: The Global Investor Middle East and North Africa (MENA) Awards

 

About Nexus FrontierTech

Nexus Frontier Tech is a London-based AI solutions company specialising in the automation of data-intensive processes within the regulatory and compliance realm, helping enterprises save time, money and resources by employing solutions that tackle the issues of inefficiencies and data waste. While industry-agnostic, many clients are in the financial services space and are seeking to streamline their operations. The company also boasts a proprietary AI automation platform that enterprises can use to shorten the  implementation cycle of production-level AI models from months to within hours.

Singapore, 2 April 2020 – RegTech startup Nexus FrontierTech today announced the appointment of David Hardoon, former Chief Data Officer and Special Advisor (Artificial Intelligence) of the Monetary Authority of Singapore, as an independent advisor of the firm. 

At the Monetary Authority of Singapore (MAS), Hardoon led the development of AI strategy for Singapore’s financial sector, driving efforts in promoting open cross-border data flows. He was MAS’ first appointed Chief Data Officer and Head of Data Analytics Group. He currently advises Singapore’s Corrupt Investigation Practices Bureau (CPIB) and the Central Provident Fund Board (CPF) as Senior Advisor (Artificial Intelligence) and Senior Advisor (Data Science) respectively.

“David Hardoon is a fantastic addition to our Advisory Board, who advise us on high-growth critical organisational leadership and strategy,” said Danny Goh, CEO of Nexus FrontierTech. “We will undoubtedly benefit from his vast experience in driving AI strategy in the financial sector, one of our target markets and where we can deliver the most value for clients.”

Hardoon will be joining Nexus FrontierTech’s Senior Advisor Board that includes Jim Sintros, President of Stilwell Foundation and former senior advisor at Monitor Consulting Group; Abdullah Alghamdi, Group CEO of United World, AMAS Holdings, and ex-Procter & Gamble Finance Manager; Stephen Hodges, PhD, President of Hult International Business School; Nick Fry, former CEO of Mercedes AMG Petronas Formula One team; Nick Sandall, former Vice Chairman of Deloitte UK & Co-Head of Deloitte EMEA Financial Services; Jennifer Lewis, former Managing Director and Advisor to GIC, Singapore’s sovereign wealth fund; and Tom Yoritaka, former Global Managing Director of Cisco Global Ventures.

As part of the Senior Advisory Board, Hardoon will provide counsel in the area of organisational growth and development and strategy.

“AI is more prescient than ever and I am deeply honoured to have this opportunity to work alongside some very esteemed professionals in joining Nexus FrontierTech’s mission in making AI more widely available to everyone.”

Having closed a $3.8M seed round late last year, Nexus FrontierTech is investing heavily in R&D and business development growth in the Asian region. The newly acquired funding will be used to amp up the company’s R&D capabilities, playing a key role in an aggressive global growth strategy to help companies accelerate digital transformation. The firm has had its eyes set on Singapore as a financial and technological hub and has expanded its team to tap into the immense business opportunities present in the SEA region.

David holds a PhD in Computer Science in the field of Machine Learning from the University of Southampton and graduated from Royal Holloway, University of London with First Class Honors  B.Sc. in Computer Science and Artificial Intelligence.

 

About Nexus FrontierTech

Nexus Frontier Tech is a London-based AI solutions company specialising in the automation of data-intensive processes within the regulatory and compliance realm, helping enterprises save time, money and resources by employing solutions that tackle the issues of inefficiencies and data waste. While industry-agnostic, many clients are in the financial services space and are seeking to streamline their operations. The company also boasts a proprietary AI automation platform that enterprises can use to shorten the  implementation cycle of production-level AI models from months to within hours.

London, United Kingdom – 12 March 2020 – Nexus Frontier Tech Ltd., a global AI solutions firm specialising in the modernisation of data-intensive business processes within the regulatory and compliance realm, today announced their new office location in central London as next step in aggressive global growth strategy.

 

The new space, located at 1 St Katharine’s Way, St Katharine’s & Wapping, London, was much needed after a year of rapid expansion of the company’s growing team. Nexus’s new office allows the team to accommodate the increasing demand for AI solutions in the UK financial services sector via the addition of a number of new members that have come on-board late last year and early this year.  Additions include the company’s new CFO, an Artificial Intelligence and Automation Analyst, and various business development and sales representatives.

 

“We are thrilled to be moving into a much larger office space in one of the most iconic areas of central London” said CEO Danny Goh. “The company has grown rapidly the last year and a half, proving that demand for the types of solutions we are providing highly-regulated enterprises is at its peak. The UK RegTech market is growing exponentially, and we are positioning ourselves to be the go-to provider in intelligent automation process solutions by making sure we are fully-equipped to handle the demand.”

 

Hanizan Massod, Business Development and Sales Director, echoed the sentiment. “London is the global epicentre of the financial services sector. Institutions are compelled to evaluate and seek out technological partners to help them keep up with the rapidly changing regulatory landscape, safeguarding their customers’ data, and lowering costs, all while promoting business growth. We’ve recognised this compelling business driver to grow whilst driving operational efficiency requires access to an eco-system of reliable technology partners, beyond limited in-house skills. Nexus’s new office space signals our ambition to become the go-to partner for the industry’s intelligent automation needs.”

 

With a strong track record deploying solutions for clients in the APAC region and having recently secured a 3-year contract with a large global bank with a presence in 76 countries, Nexus has positioned itself as a leading RegTech-focused AI firm whose team is at the intersection of technology and business.  With a foundation in serving financial institutions, Nexus has zoned in on the most pressing and costly challenges facing the industry today: compliance and business growth. With offices in London, Hanoi, Tokyo, Singapore and Boston, the company has boosted investment in its R&D and sales capabilities, playing a key role in an aggressive global growth strategy to help companies accelerate digital transformation.

 

For more information about Nexus FrontierTech, please visit:

Web: www.nexusfrontier.tech

LinkedIn: https://www.linkedin.com/company/nexusfrontiertech/

Twitter: https://twitter.com/NexusFrontier

Facebook: https://www.facebook.com/NexusFrontierTech/

 

For media inquiries, please contact: 

Tiffany Moore
Global Marketing Manager
[email protected]

 

About Nexus FrontierTech

 

Nexus Frontier Tech is a London-based AI solutions company specialising modernising data-intensive processes within the regulatory and compliance realm, helping enterprises save time, money and resources by employing solutions that tackle the issues of inefficiencies and data waste. While industry-agnostic, many clients are in the financial services space and are seeking to streamline their operations. The company also boasts a proprietary AI automation platform that enterprises can use to shorten the  implementation cycle of production-level AI models from months to within hours.

19 November 2019, LONDON London-based Nexus FrontierTech, an AI solutions firm specialising in modernising data-intensive processes within the regulatory and compliance realm (RegTech), announced that it has closed a $3.8M seed round to propel its R&D and global expansion.

 

Nexus, founded in 2015, builds configurable, scalable AI and Intelligent Automation solutions to help businesses streamline operations and tackle the issues of inefficiency and data waste. The company also boasts a proprietary AI automation platform that enterprises can use to shorten the implementation cycle of production-level AI models from months to within hours.

 

The funding round was led by a family office based in Geneva, Switzerland, followed by a number of private investors, which include Nick Fry, former CEO of Mercedes AMG Petronas F1, Jennifer Lewis, former Managing Director of GIC, Singapore Sovereign Wealth Fund, and Tom Yoritaka, former Managing Director of Cisco Global Ventures.  A number of these investors are also on the firm’s Advisory Board and heavily involved in the company’s expansion and growth strategies.

 

The newly acquired funding will be used to amp up the company’s R&D capabilities, playing a key role in an aggressive global growth strategy to help companies accelerate digital transformation.

Danny Goh, CEO

 

¨One of the major pain points any enterprise will face is the inefficient use of labour to manage repetitive, manual and error-prone processes that involve the extraction and checking of unstructured data,¨ explains CEO Danny Goh. ¨Through intelligent automation, we free up capacity so people can focus on the important tasks – dealing with anomalies, generating business insights and making decisions. With the support of our investors, we can now ramp up our efforts in reaching as many clients as we can.¨

 

With a strong track record deploying solutions for clients in the APAC region and having recently secured a 3-year contract with a UK-based global bank, Nexus has positioned itself as a RegTech-focused AI firm whose team is at the intersection of technology and business.  With a foundation in serving financial institutions, Nexus has zoned in on the most pressing and costly challenges facing the industry today: compliance and business growth.

 

̈Our immediate goal is to bring our tested, enterprise-ready technology to as many clients as we can,̈ says Danny. ¨Having acquired actual implementation experience in deploying live AI systems, we know what our team is capable of. When it comes to compliance, we’re seeing the financial services industry move their focus away from merely meeting regulatory needs to aligning compliance with growth initiatives.¨

 

With investment secured, Nexus is more ready than ever to grow their footprint in the UK and US markets, and now tap into the immense business opportunities in Asia, with their eyes set on Singapore as a financial and technological hub.

 

 

 

 

For further media enquiries, please contact:
Tiffany Moore
Global Marketing Manager
[email protected]

 

About Nexus FrontierTech

Nexus FrontierTech London-based AI solutions firm specialising in the transformation of data-intensive processes within the regulatory and compliance realm (RegTech) and is headquartered in the UK, where sales and operations are expanding, with a large production office of over 100 strong in Vietnam and a growing R&D team based out of Japan. Whilst industry agnostic, many clients are in the financial services space and are seeking to streamline their operations.

17 July 2019 – Nexus FrontierTech co-founders Danny Goh, Terence Tse, Ph.D and Mark Esposito, Ph.D sat down to talk about their newly released Amazon best-seller, The AI Republic: Building the Nexus Between Humans and Intelligent Automation with Author Hour’s Rae Williams.

In the 30-minute podcast the founders discussed many topics within the realm of artificial intelligence, including how AI should not be seem as an ¨all-seeing master, but a functional tool that must be combined with the intelligence we possess in order to be effective.¨

The three describe how their experiences owning and running a successful AI solutions company gave them the perfect background and experience to create something that could be used for training, academic work and events alike.

One of the main objectives in creating this piece of work, explains Terence, was to debunk popular myths about what AI can and cannot do.

¨A lot of people have different interpretations of what AI is and some people still think AI is Terminator stuff. That idea pushed us to look at writing a book that could help people understand what AI really is. In Europe, a lot of companies are still really struggling with how to put AI into their business operations and activities.¨

For CEO Danny Goh, the biggest reason for writing the book was to lessen the gap between the technology side of things and the business side of things.

¨I do realize that this technology is a big breakthrough in terms of what it can do to mankind. However, there is a big risk in what we can create in the lab and what is actually needed by the commercial world. We are not talking about tomorrow, we are really talking about how we can help the business world today to improve their operations, through how to help businesses run better, and how to create innovation.¨

But the book does not simply touch upon the fallacies of AI and its role in business. Chief Learning Officer Mark Esposito also commented on the government’s role in AI-adoption, and the importance of evolving education-styles in a future that’s bound to see prevalent use of this technology.

¨If you have a country that doesn’t have potential with this technology, it will be difficult for this country to attract investors to participate in trade. We see this as one of those make it or break it technologies that will not necessarily change everything overnight, but has the potential to be as disruptive as other inventions, such as the telephone or the internet.¨

When speaking on future generations he adds, ¨The idea is to create a different kind of human being capable of working with technology, without feeling that technology and people have to be a tradeoff. We like to imagine the symbio-intelligence, rather than having this idea that robots will take over.¨

To listen to the full podcast, click here.

Author Hour features enlightening conversations about books with the authors that wrote them. Each week, Author Hour shares ideas and stories from a new book, through an in-depth conversation with the author. They cover all types of non-fiction: business, fitness, investing, self-help, and more. Listeners will get an entertaining and useful summary of each book, in a fraction of the time.

HANOI – 1st April 2019 – IT Viec, a leading job site in Vietnam specialising in matching IT jobs with highly qualified candidates, has just named Nexus FrontierTech the #7 Best IT Company in Vietnam for 2019.

 

Nexus joins the ranks of companies such as business accelerator NFQ Asia, Absolute Software Corporation, and ZALORA Group, the South Pacific’s leading online fashion destination.

 

The list, consisting of 15 of the country’s most ambitious and worker-friendly IT companies, was released last Thursday, 28th March.  Every year the online job site gathers over 8,000 reviews from both current and former employees to assess satisfaction and recommendation rates for each company.  Top-ranked companies typically boast high ratings for compensation and benefits packages, work and office environment, work-life balance, and professional development, among other things.

 

 

Nexus had an overall rating of 4.6 out of 5, with 93% of reviewers recommending the AI solutions company as a place to work. Comments from reviewers mentioned a ¨dynamic and comfortable environment with ability to work remotely, a ¨management team with good expertise and experience,¨ and many opportunities for non senior-level employees to learn and develop. 

 

¨We always try to create an environment that feels like a second home to our members, one where you’ll actually enjoy coming to work everyday,¨ says Hayley Nguyen, Country Director at Nexus FrontierTech. ¨We want our team to feel safe when sharing their opinions, and we honour ownership and transparency at our core.¨

 

To see the full list of winners, visit www.itviec.com

For more information on job opportunities with Nexus, visit www.nexusfrontier.tech/careers

PRESS RELEASE

Nexus FrontierTech Joins London Stock Exchange Group ELITE Programme

LONDON – 17 Sept. 2018 – Today the London Stock Exchange Group (LSEG) announced the addition of Nexus Frontier Tech to its business support and capital-raising programme, ELITE.

Nexus joins 8 of the UK’s most ambitious business ventures to take part in this programme meant to prepare and structure them for the next stage of growth with access to long term financing opportunities, specialist business education and a growing network of experts and the ELITE community.

Head of ELITE UK & Licensing Umerah Akram welcomed the new ELITE CEOs to open trading in London Monday morning. ¨I am delighted to welcome the latest group of companies to ELITE, a clear demonstration of the UK’s ability to grow great businesses. ELITE is committed to giving the business stars of the future the very best chance to succeed, providing them with access to relevant expertise and capital. ELITE continues to grow as a unique and vibrant community of dynamic entrepreneurs, advisers, investors and business leaders from the UK, Europe and around the world.¨

Danny Goh, CEO Nexus Frontier Tech, attending the ELITE event.

¨Nexus is at the stage where it has enjoyed significant growth. This programme will help us carry that growth into the future by giving us access to advisory support and a great capital market network. Joining this community will no doubt be invaluable in our journey to bring AI solutions to businesses across the globe,¨ said Nexus CEO Danny Goh.

The latest UK ELITE intake brings the total number of global community members to over 900 business, generating over £50 billion in combined revenues.

For more information on Nexus Frontier Tech, visit www.nexusfrontier.tech
For more information on LSEG’s ELITE programme, visit https://www.lseg.com/elite

For more information, please contact:

Alice St. George
Commercial Director
[email protected]

 

About Nexus Frontier Tech:

Nexus Frontier Tech is a London-based tech company specialising in the integration of AI solutions into their clients’ existing systems and processes, helping them save time, money and resources by employing solutions that tackle the issues of inefficiencies and data waste. Their primary market includes large companies primarily in the financial services industry looking to streamline their operations.

 

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