SINGAPORE – Media OutReach Newswire – December 6, 2023 – PowerCred, a unique API suite solving complex lending and underwriting problems by helping lenders create a comprehensive borrower profile, achieved cost savings while achieving compliance certifications and strengthening security through integration with Google Cloud. This decision was made easier thanks to its partnership with a global technology consulting firm, To research.
“As we look to expand into Southeast Asia, Google Cloud has been invaluable in preparing us for the next stage of our growth, particularly in scaling our capabilities through the power of AI generative (gen AI). To get here, we also relied heavily on our partnership with Searce, which allowed us to scale, comply with regulations and effectively optimize our costs. These efficiency gains have positioned themselves on the path to success and enabled significant customer growth in the region.
“I express my sincere gratitude to the incredible teams at Google Cloud and Searce for being instrumental in our journey. Their unwavering dedication and expertise has helped us build our platform and instilled in us the confidence to lead the industry. Working with them has been an absolute pleasure, and I’m excited about the limitless possibilities available to PowerCred,” said
Shrinivas Deshmukh, Co-Founder and Chief Technology Officer at PowerCred.
Working with Searce, PowerCred has identified three key priorities in its search for a cloud provider as it plans its regional expansion: compliance, scalability and cost-effectiveness. By achieving these priorities with Google Cloud, PowerCred is well positioned to realize its regional expansion ambitions.
Currently processing up to 0.5 million API calls per year across all its partners, PowerCred already relies on AI-driven data processing for insights. To achieve this, BigQuery, Google Cloud’s serverless enterprise data warehouse, and other machine learning capabilities are used to help PowerCred detect anomalous and fraudulent transactions in financial data with an impressive 99% accuracy. .8%. Searce has played a pivotal role in PowerCred’s cloud transformation journey. Searce’s in-depth knowledge of PowerCred’s key markets has helped it achieve its ISO 27001 and Kominfo certifications, building trust with its customers.
“At Searce, we are excited to stand alongside PowerCred in their mission to streamline complex lending challenges. Our commitment mirrors theirs, as we provide seamless support in building this solution on Google Cloud, ensuring both security and scalability while optimizing performance.,” said Yash Thakker, associate director of cloud services at Searce.
“Fintech and financial services leaders are no longer just experimenting with the AI generation, they are already developing and deploying their most innovative ideas. Every enterprise generation AI project is also actually a data management and governance project in disguise. With Searce as a valued partner, we look forward to continuing to support companies like PowerCred as they turn to advanced analytics and generational AI solutions to make complex data intuitively accessible, accelerate automating business processes and reinventing the customer experience, while ensuring they have full control and segregation of their proprietary data, code and intellectual property, without data leaks,” said Jayotika Mohan, Head of Go To Market, Small and Medium Business, Asia Pacific, Google Cloud.
Throughout the transformation journey, Searce provided ongoing support, from setting up infrastructure to ensuring compliance with local regulations. Their reliable partnership has helped PowerCred overcome challenges and maintain smooth operations.
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