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.

Share
Published by
Reyansh Reddy

Recent Posts

IPL 2024 Kicks Off In Style: All-Star Teams Prepare to Play for the Cup

The popular sports league, which garners significant viewership from India and abroad, has initiated its…

3 weeks ago

Lok Sabha Elections 2024: India’s Future Awaits ‘Saath Phase Paar’

The total number of registered voters is more than the combined population of all European…

4 weeks ago

Scam 2024: The Electoral Bonds Scheme And Its Top Contributors Come to Light

Who paid whom, how much and WHY? These are the general questions that everyone asked…

1 month ago

Centre Notifies Rules for CAA: Stirs the Indian Political Arena Across Different Levels

The new legislation aims to uplift persecuted minorities by granting them Indian citizenship based on…

1 month ago

Centre Notifies Rules for CAA: Stirs the Indian Political Arena Across Different Levels

The new legislation aims to uplift persecuted minorities by granting them Indian citizenship based on…

1 month ago

Daman Game: Where Fun Meets Real Rewards

Online gaming has found a vast audience among the youth who are most of the…

1 month ago