AND Solutions Becomes Strategic Independent Software Vendor (ISV) with Microsoft and Crayon
AND Solutions, a subsidiary of AND Global, a prominent fintech company, has signed a multi-year agreement to become a Strategic Independent Software Vendor (ISV) with Microsoft and Crayon. AND Solutions’ expansion into new markets in the APAC region will be marked by the collaboration, which will enable enterprise clients to optimize their operations by utilizing AND Solutions’ products that are optimized for Microsoft’s cloud infrastructure. AND Global is a prominent fintech company that has established a variety of enterprises to advance financial inclusion in Southeast Asia.
Read: Impact of Fintech on Retail Banking Trends
Crayon, a Microsoft Cloud Solutions Provider, will facilitate the integration, which will enable the global fintech company to expand its operations and publish its intelligent document processing platform, mindox, on Microsoft’s Commercial Marketplace. mindox, which is powered by AND Solutions, enables organizations to adopt sophisticated intelligent document processing, thereby revolutionizing the way they manage and extract insights from financial documents, reports, texts, and forms. The platform’s enterprise-readiness and scalability will be advantageous to business clients in a variety of industries, including finance, banking, and property management, as it is to be made available on the Microsoft Commercial Marketplace. AND Solutions will expand its clientele in the APAC region by utilizing Microsoft’s account management and support to engage with larger enterprise clients.
In the Philippines, 44% of the bankable population (aged 15 and older) is classified as unbanked, according to data from McKinsey and Company. Furthermore, Access Partnership’s research indicates that the Philippines’ economy could experience a substantial boost by 2030 if digital transformation is completely implemented, with the potential to generate up to PHP 5 trillion ($101.3 billion USD) in economic value. The collaboration with AND Solutions will endeavor to enable businesses in the Philippines to enhance their daily efficiency with technology and promote financial inclusion by transitioning operations to Azure and targeting enterprise clients in a variety of industries.
Read: The Top 10 AI Books Every Business Leader Should Read in 2024
Industry Comments
Commenting on the new collaboration with Microsoft, Baasandorj Davaasuren, Business Owner of mindox, said: “We are excited to introduce our intelligent document processing and other fintech solutions such as credit scoring, lending systems, and more across Southeast Asia, backed by the strength of Microsoft Azure. mindox has enormous potential to streamline operations and enhance access to financial services for local enterprises. This collaboration with Microsoft brings us one step closer to driving financial inclusion across the region, while setting new industry standards through innovative, cloud-based solutions.”
Heather Gordon, Regional General Manager for Asia, Global Partner Solutions, Microsoft, added: “AND Solutions has demonstrated innovation, and we are pleased to welcome them as an ISV partner. With a powerful toolkit and infrastructure such as Microsoft Azure, we are confident that AND Solutions will successfully scale throughout Southeast Asia and offer business clients innovative and first-class solutions to streamline their operations. Together, we will drive digital transformation for enterprises across the APAC region.”
Thanks for reading!
To share your insights with the FinTech Insights Newsroom, please write to us at news@intentamplify.com
More Fintech News:
Neo Financial Partners with CI Financial to Launch Suite of Cutting-Edge Financial Solutions
Ripple Brings Bank-grade Custody Solution to Crypto Businesses