- What does your company do?
Datarama is the one-stop source for complex risk assessment and due diligence. Our RegTech platform, through the combination of specialised analysts, advanced data mining and artificial intelligence, has made due diligence, research and compliance cheaper, faster and more efficient.
Datarama has become the trusted partner in the region for leading financial institutions including some of the world’s largest banks, private equity funds, asset managers and GLCs.
- What challenges or opportunities do you foresee in your space in the next 2-3 years?
The main challenge we face is the implementation of efficient natural language processing (NLP) solutions to process unstructured data in rare languages such as Vietnamese, Thai, Bahasa etc. Not only this technology is still in its infancy but South-East Asia also presents a unique mix of languages and alphabets. That is why if we manage to successfully implement a scalable NLP solution for sentiment analysis in this region, we will have a major edge in the rest of the world.
- Do you have any plans to grow your business outside of Singapore?
We already are very much present outside Singapore. Our clients are also based in Hong Kong, Japan, China, Indonesia, Thailand, Australia, and Israel. Our coverage includes companies in more than 100 countries and is expanding every day. We look at the world from an ecosystem angle; corporate structures and spheres of influence know no borders so Datarama has the vocation to become a global product.
- If you could ask for advice from any business role models, who would it be and why? What would you ask them?
I would probably ask Henry Ford how he would build a profitable company in today’s context which also improves the lives of its employees and has a positive impact on society in general.
- Any word of advice for emerging FinTech startups or other entrepreneurs like yourself?
Take time to develop your idea, do a lot of planning before you even register your company, start hiring people and spending money. In other words, do not dive into it too quickly. However, once you start, be prepared to change the plan that you worked so hard to put together and make sure you constantly explain these changes to your team. Do not lose track of your vision but be flexible and reactive - the moment you stop evolving, you die.