Perfios, a leading provider of digital financial solutions, has announced the acquisition of Fego.ai, a Chennai-based open finance platform. This strategic move aims to enhance Perfios’ product offerings and expertise across a wide range of financial institutions worldwide.
Fego.ai, co-founded by S Kumar Srivatsan, is known for its advanced AI solutions for financial services. By joining forces with Perfios, Fego.ai will be able to further accelerate its growth and expand its reach in the fintech industry.
The acquisition of Fego.ai aligns perfectly with Perfios’ vision to provide comprehensive and innovative solutions for the financial industry. With its advanced technology and deep domain expertise, Perfios has established itself as a trusted partner for banks, lending institutions, and other financial service providers.
Fego.ai’s expertise lies in its open finance platform that enables financial institutions to access and interpret customer financial data securely. By leveraging artificial intelligence and machine learning algorithms, Fego.ai offers valuable insights into customer behavior and financial patterns, driving smarter decision-making and personalized services.
Perfios’ acquisition of Fego.ai will enable the company to strengthen its position as a leader in the digital financial industry. The addition of Fego.ai’s advanced AI solutions will complement Perfios’ existing product offerings, further enhancing its ability to deliver efficient and holistic solutions to its global client base.
S Kumar Srivatsan, Co-Founder of Fego.ai, expressed his excitement about the acquisition and stated that the collaboration with Perfios will help accelerate the growth of Fego.ai and enable it to provide its advanced AI solutions to a larger customer base.
Overall, the acquisition of Fego.ai by Perfios marks an important milestone in the digital financial industry. With the combined expertise and capabilities of both companies, they are poised to revolutionize the way financial institutions leverage technology for better customer experiences and business outcomes.
