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.


Reyansh Reddy

Reyansh is a strategic journalism degree holder with expertise in technology, business, and political views. He received his degree from Kamala Nehru College, and since then, joined multiple news publication, both as an editor and a freelance contributor. He is now a full-time contributor to Pressroom Today.

Published by
Reyansh Reddy

Recent Posts

Permaculture: Cultivating Resilience and Abundance in Changing World

According to estimates, nearly 120 million people will fall prey to undernourishment by 2050 due…

1 week ago

Gucci’s Global Reign: Alia Bhatt Takes Center Stage in Luxury Fashion

Gone are the days when Hollywood was the only source of inspiration for global luxury…

1 week ago

Exploring the Trends in Generative AI’s

In an era fuelled by technological advancements, the rise of artificial intelligence has emerged as…

2 weeks ago

UK and Japan Join Forces: A Groundbreaking Semiconductors Partnership to Reshape Supply Chains

The semiconductor industry is on the brink of significant transformation as countries worldwide strive to…

2 weeks ago

A Day in the Life of Housemaid

In modern times, it is hard to imagine a household without a domestic helper or…

3 weeks ago

Pakistan’s Political Instability: A Battle between Democracy and Military Intervention

The recent arrest of Pakistan's former Prime Minister Imran Khan on corruption charges has led…

3 weeks ago