Press Release

AI integrated Fintech Research center in Chennai

The R&D Lab of Samco Securities have been launched at its OMR-IT Expressway in Chennai. The lab which had inculcated 20 crores of investment is a one-of-its-kind investment by any fintech company in Chennai.

With an area of more than 10000 square feet space for 200 employees, the research center is focused on automating the investment process through development of machine learning and artificial intelligence based products for HNIs and institutional investors.

Mr. Jimeet Modi Founder & CEO, SAMCO Securities said, “The R&D centre in Chennai is a strategic step towards accelerating our R&D initiatives to create more innovative products and services.”

“It’s in line with our continuous endeavor of closely working with our customers to co-create new solutions and frameworks that will create positive differentiation in the marketplace,” he added.

In its Series B funding round, Samco raised an amount of USD 7.5 million (Rs 49 crore) from existing promoters, and Bay Capital Investment Partners, London.

 

Andrew s

Andrew has been in the online publishing industry. After receiving his degree in professional journalism from the Indian Institute of Journalism and New Media, he contributed to multiple websites as a freelance writer and feature editor. Mostly, Andrew tackles controversies and theories that lead to a specific conclusion that either debunk or justify a particular claim. Further, Andrew participates in social developments that aim to simplify every individual's way of life and fight for peace. He is the new Editor-in-Chief of Pressroom Today.

Share
Published by
Andrew s

Recent Posts

How Sameer Mahandru Views India’s Role in the New Era of Global Trade?

A Global Trade Shift in Motion In the wake of pandemic disruptions, geopolitical tensions, and…

2 months ago

The Strategic Mind of Partho Dasgupta

In India’s high-stakes media landscape, where perception often overshadows substance, few industry leaders have shaped…

2 months ago

Geetika Mahandru on Brocode: Creating legendary ‘Bro Moments’ one bottle at a time

BroCode is more than just a name - it is a trailblazer in the Indian…

3 months ago

Jagmohan Garg’s Views on Why Gated Communities Are Becoming the Preferred Choice for Indian Homebuyers

"Gated communities are where security meets serenity, creating the perfect blend for modern living." - …

4 months ago

How to Grow Your Influence and Succeed in the Digital World

In today’s digital world, building influence is no longer just about having a presence; it’s…

4 months ago

Pavitra Pradip Walvekar: “AI Is No Longer the Future, but the Present” Amid Disruption in the Banking Industry

No industry has been left untouched by the revolutionising power of artificial intelligence. And the…

4 months ago