Infibeam Avenues picks up 49% stake in Ahmedabad-based Pirimid Fintech
Banking & Finance
Leveraging the expertise and technological foundation provided by Infibeam Avenues, Pirimid Fintech is poised to develop innovative digital lending solutions to streamline the lending process, offering faster and more efficient credit disbursement, enhanced customer experience, and improved risk management through advanced data analytics and AI algorithms.
The company said the decision to acquire a stake in the company is in response to the increasing demand in the global capital markets for artificial intelligence (AI)-backed software.
These AI-based systems are utilised to streamline trading, research, and investment processes.
The partnership aims to combine Infibeam's digital payments and AI-based frameworks with Pirimid Fintech's capital market trading software for its clients nationwide and globally.
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