What ADVANCE.AI does

ADVANCE.AI is a Singapore-headquartered artificial intelligence company (founded 2016) that provides digital identity verification, anti-fraud and process automation solutions, primarily serving financial institutions, fintechs, e-commerce platforms and other regulated enterprises across Southeast Asia and Greater China. The company is the enterprise identity-verification arm of the privately held Advance Intelligence Group, which spans 12 markets, employs approximately 1,500 people and serves over 700 enterprise clients, 100,000 merchants and 20 million consumers at the group level. ADVANCE.AI's core offering is the AdvanGuard platform — a unified, API-driven eKYC system that consolidates identity verification, document verification, face authentication, AML screening, KYB/KYT checks, travel rule compliance, fraud prevention and risk intelligence into a single orchestrated flow covering 200+ jurisdictions. Underlying the platform are proprietary AI components: a Liveness Detection SDK (iBeta Level 2 PAD under ISO/IEC 30107-3 plus BixeLab IAD under CEN/TS 18099 with 0/600 injection bypasses), Southeast Asia–trained ID document OCR (~97% field accuracy across 200+ countries), face comparison (~99% accuracy on SEA faces), and an AML screening engine covering 240+ countries, 300+ sanctions lists, 65+ languages and 110,000+ data sources.

The company monetises primarily through enterprise subscription/API licensing with usage-based per-verification pricing (free trial available via the Chinese site), supplemented by data services from its licensed Indonesian private credit bureau (Credit Bureau Indonesia / CBI, built on a same-city active-active architecture with 99.95% availability and P99 ≤400 ms), implementation/integration professional services, and adjacent AI products (Joint Modelling, Face Credit Scoring, Bank Statement Analyzer, Smart Retail). Distribution combines direct enterprise field sales through six regional offices (Singapore HQ, Jakarta, Bangkok, Kuala Lumpur, Makati, Beijing) with cloud co-sell partnerships with AWS and Alibaba Cloud, channel/subsidiary distribution via ADVANCE.CBP (Philippines), BPS (Indonesia) and CBI (Indonesia), and event-driven thought leadership (e.g., AFTECH co-hosted deepfake forums). Notable enterprise customers include Standard Chartered, Grab, Shopee, Tokopedia, Bukalapak, Allo Bank, Standard Chartered, CIMB Niaga, Indodax, VFS Global, XL Axiata, Kuaishou and others, with case studies reporting outcomes such as 90% onboarding-time reduction (Henan Asset), 750,000+ customers onboarded in 3 days (Allo Bank Festival) and under-60-second onboarding (Nanovest).

Name

ADVANCE.AI

Legal name

Advance Intelligence Pte. Ltd.

Website

https://advance.ai

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

251–500 employees

Short description

ADVANCE.AI is a Singapore-based AI company (founded 2016) that provides unified eKYC, AML screening, biometric liveness detection and fraud prevention to banks, fintechs, e-commerce and other regulated enterprises across Southeast Asia, China and 200+ global jurisdictions, serving nearly 1,000 enterprise customers as the enterprise arm of Advance Intelligence Group.

Ownership category

akta.pro rank

Product category

Digital Identity Verification & eKYC Software

akta.pro primary industry

Fraud Prevention & Identity Verification (IDV/KYC) (BPAMAEAI)

akta.pro secondary industries

Regulatory Readiness & Audit Automation (e.g., EU AI Act, NIST AI RMF, ISO/IEC 42001) (HDAAAMAE), Identity Verification & Digital ID (IDV, eIDAS, biometrics) (FSAGAFAA), Travel Rule & Crypto-Related Screening for Payments (FSAMAMAM), Wallet Risk Scoring, Address Screening & Exposure Checks (FSADALAD), Video Analytics & AI Security Solutions Integration (LPR, Facial, Behavior) (BPAKAGAK)

Keywords

• Digital identity verification
• EKYC platform
• AML screening
• Biometric authentication
• Fraud prevention

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Subscription / API-based platform licensing (AdvanGuard): Recurring revenue from enterprise SaaS/API licensing of the AdvanGuard unified platform (Identity Verification, Document Verification, Face Authentication). Sold via 'Book a Demo' sales motion with volume/usage tiering, free trial offered on Chinese site (info.advance.ai/cn-free-trial).
2. Usage-based verification transactions: Per-verification consumption pricing typical of API-first eKYC/AML providers; charged per identity check, document scan, liveness check, AML screening, etc. with predictable pricing that scales with business growth.
3. Credit bureau & data services revenue (CBI in Indonesia): Fee per credit report query and data service subscriptions from financial institutions to ADVANCE.AI's Indonesian licensed private credit bureau (CBI); serves high-frequency risk control and automated approval use cases with P99 ≤400 ms.
4. Implementation, integration and professional services: Customization, integration and deployment services for enterprise clients onboarding to the unified platform; supports country-specific regulatory and integration requirements across 200+ jurisdictions.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels8 records

Core offering

ADVANCE.AI provides an AI-powered digital identity verification, AML screening and fraud-prevention platform delivered primarily through its AdvanGuard unified eKYC product, which consolidates document verification, biometric liveness detection, face authentication, AML/KYB/KYT, non-document checks, travel rule compliance and fraud prevention into a single API call. The company sells this to banks, fintechs, crypto platforms, e-commerce players, payments providers and sharing-economy super-apps across Southeast Asia and globally, with a complementary Indonesian credit-bureau service (Credit Bureau Indonesia / CBI) and a suite of standalone biometric and risk-scoring sub-products.

Product overview

ADVANCE.AI's offering centers on the AdvanGuard Platform, a unified, API-driven eKYC and digital onboarding solution that consolidates identity verification, AML, KYB, KYT, non-document checks, travel rule compliance, fraud prevention, and risk intelligence into a single AI-driven flow, marketed with a "one API call" architecture and 200+ jurisdiction coverage. AdvanGuard is composed of three core modules — Identity Verification, Document Verification, and Face Authentication — which draw on the underlying Liveness Detection SDK (iOS/Android, dual PAD + IAD validated) and ID Document Recognition (OCR). Beyond AdvanGuard, ADVANCE.AI markets an expanded portfolio of biometric and document AI sub-products including Face Comparison, Face Search, Fraud Face, Multi-dimensional Face Credit Scoring, ID Card Masking, Receipt Recognition, Bank Statement Analyzer, Image Quality Assessment (IQA), and the new-generation AML Screening product. The company also offers cross-industry solutions (Digital Identity Verification, Video Identification, Joint Modelling, Xingjian Solution, Smart Retailing, Smart IoT) and operates the Indonesian credit bureau through its subsidiary Credit Bureau Indonesia (CBI) with a same-city dual-active architecture. ADVANCE.AI is part of the broader Advance Intelligence Group, which also includes ADVANCE.CBP (Philippines) and Bangun Percaya Sosial (Indonesia).

Differentiator

Problem solved

Functional benefit

Brands

• AdvanGuard: Unified eKYC platform consolidating identity verification, document verification, face authentication, AML screening, KYB/KYT checks, fraud prevention, and risk intelligence into a single API-based system.
• Xingjian (星鉴解决方案)
• Liveness Detection SDK

Products and services

• AdvanGuard Platform

Quantifiable outcome

• Henan Asset: 90% reduction in onboarding time, 80% drop-off reduction, 99.99% AML accuracy, 7x daily user onboarding scale-up
• +7 more outcomes

Named customers42 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability11 records

Feature6 records

Partnerships

14 partnerships are on record, tiered core and flagship.

• Amazon Web Services (AWS)coreTechnology or IntegrationADVANCE.AI's eKYC and AML screening solutions are deployed on AWS cloud infrastructure, referenced in customer case studies for Tokopedia and Nanovest as the cloud foundation supporting AWS-built one-stop digital identity verification solutions. The CTO/architecture team cites AWS for scale, security and managed services.
• Alibaba Cloud (Aliyun)flagshipStrategic or Co-development PartnerIn a 2023 TiMedia Apsara Live interview, ADVANCE.AI VP Cui Qi emphasized the strategic partnership with Alibaba Cloud as part of an open collaboration model to accelerate digital transformation across financial services, particularly for Chinese companies expanding overseas.
• AFTECH (Asosiasi Fintech Indonesia / Indonesian Fintech Association)flagshipGTM or Marketing PartnerAFTECH and ADVANCE.AI co-hosted a high-level Expert Lab and Professional Gathering in Jakarta in April 2026 addressing deepfake threats to financial infrastructure; AFTECH Secretary General called for synergistic collaboration between associations, regulators, technology providers and industry stakeholders.
• Advance Intelligence Group (parent)flagshipStrategic or Co-development PartnerADVANCE.AI is the enterprise identity verification arm of Advance Intelligence Group, which also operates subsidiaries ADVANCE.CBP (Philippines), Bangun Percaya Sosial, and Credit Bureau Indonesia (CBI), and operates across 12 markets with 1,500 employees.
• BukalapakflagshipImplementation/ SI/ Consulting PartnerADVANCE.AI became Bukalapak's eKYC technology partner in June 2021; collaboration extended to digitalizing warung (street vendor) onboarding through Mitra Bukalapak. Bukalapak's product manager cited ADVANCE.AI's understanding of Indonesia's local digital needs as a key differentiator.
• MONIX / FINNIX (SCB X PLC x Abakus joint venture)flagshipTechnology or IntegrationSince May 2021, ADVANCE.AI provides liveness detection, face comparison and smart document OCR for MONIX's FINNIX Thai digital lending app, enabling user onboarding in under 1 minute within a 5-minute target; >99% OCR accuracy even on low-end mobile devices.
• Papitupi SyariahcoreTechnology or IntegrationSince August 2020, ADVANCE.AI has provided e-KYC (document OCR + face comparison) and AML solutions to OJK-licensed Indonesian Islamic P2P lender Papitupi Syariah, cutting user registration to under 5 minutes.
• Allo Bank (CT Corp)flagshipTechnology or IntegrationADVANCE.AI partnered with Allo Bank for the Allo Bank Festival launch (May 20–22, 2022), enabling eKYC for 750,000+ customer onboardings; IQA (Image Quality Assessment) implemented August 2022. Allo Bank's CCO Teng Sherng (TS) Lim has publicly endorsed the partnership.
• TokopediaflagshipTechnology or IntegrationADVANCE.AI has been Tokopedia's digital identity verification (eKYC) technology partner since 2019, providing AWS-built document verification, liveness detection, face comparison and face search; helped the platform handle COVID-era user surge.
• NanovestflagshipTechnology or IntegrationADVANCE.AI became Nanovest's eKYC partner two months before its Alpha launch in July 2021; provides AWS-based document recognition and liveness detection for 60-second onboarding, with anti-counterfeit document checks deployed February 2022.
• Credit Bureau Indonesia (CBI)flagshipStrategic or Co-development PartnerCBI is the licensed Indonesian private credit bureau within the ADVANCE.AI / Advance Intelligence Group; ADVANCE.AI built and operates CBI's same-city active-active credit-reporting architecture delivering 99.95% availability, P99 ≤400 ms. ADVANCE.AI is described as 'the first in the industry' to deploy this dual-active setup for credit reporting in Indonesia.
• BixeLabcoreTechnology or IntegrationBixeLab (NVLAP-accredited, FIDO and MOSIP qualified biometric testing laboratory) conducted ADVANCE.AI's IAD evaluation under CEN/TS 18099 and PAD testing under ISO/IEC 30107-3, validating ADVANCE.AI's Liveness Detection SDK across iOS and Android.
• Henan Asset (PT Henan Putihrai Asset Management)flagshipStrategic or Co-development PartnerADVANCE.AI is the embedded eKYC + AML partner for Henan Asset's MyHero mutual fund app; Head of IT System Engineering Ridho Gani publicly endorsed a 90% reduction in onboarding time and 7x scale-up of daily user onboarding. Head of Product Zhang Yi is quoted on long-term partnership.
• OJK (Otoritas Jasa Keuangan) and other ASEAN regulatorscoreOthersADVANCE.AI positions its platform around regulator-driven KYC/AML requirements (OJK Indonesia, MAS Singapore, BSP Philippines). Daniel Zhou's article references strengthened third-party due-diligence frameworks and AML program oversight.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• iProov: Biometric face authentication and liveness detection vendor with deepfake-defence positioning. Closest direct peer to ADVANCE.AI's Liveness Detection SDK in terms of certification tier and regulated-industry deployments.
• Sumsub: All-in-one verification platform covering KYC, KYB, AML, fraud and liveness detection. Competes head-on with ADVANCE.AI's unified eKYC stack, particularly in crypto, fintech and sharing-economy verticals in APAC.
• Onfido: AI-powered digital identity verification platform offering document verification, biometric authentication and AML/KYC compliance. Direct competitor to ADVANCE.AI's AdvanGuard across global enterprise and fintech accounts; now part of Entrust, expanding into APAC.
• Veriff: AI-driven identity verification with document authentication, biometric liveness and AML screening. Direct competitor to AdvanGuard Identity Verification and Face Authentication, with growing presence in fintech and mobility verticals overlapping ADVANCE.AI's customer base.
• Mitek Systems: Mobile capture, identity verification and biometric authentication vendor serving financial institutions. Comparable to ADVANCE.AI's document OCR and liveness detection modules in banking and fintech deployments.
• Persona: Unified identity platform combining KYC, KYB, fraud signals and AML. Competes with ADVANCE.AI in flexible, configurable verification flows for fintechs, crypto platforms and digital-native enterprises.
• Trulioo: Global identity verification network with broad jurisdictional coverage and business verification. Competes with ADVANCE.AI's 200+ jurisdiction AML coverage and document verification in regulated cross-border onboarding.
• Jumio: End-to-end identity verification, eKYC and AML solutions provider serving banks, fintechs and crypto platforms globally. Competes with ADVANCE.AI in Southeast Asian banking and crypto onboarding, with overlapping customer profiles (Standard Chartered, major fintechs).

Broad incumbents

• GBG (GBG Group): Global identity, location and fraud solutions provider offering eKYC, AML and document verification across banking, fintech and government. Broader incumbent competing for the same Tier-1 bank RFPs as ADVANCE.AI.
• ID.me: Digital identity network spanning government, healthcare, financial services and retail. Broader incumbent with comparable biometric verification and identity-proofing technology; less SEA focus than ADVANCE.AI.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/advance_ai
• YouTubeyoutube.com/@ADVANCEAI
• Facebookfacebook.com/advanceaiapac
• LinkedInlinkedin.com/company/advanceai-aai
• Instagraminstagram.com/advanceai

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ADVANCE.AI