Dilip Krishnan has taken on the role of President & CEO at Vatic AI, taking over from Arthur Becker who will now serve as Executive Chairman.
Based in Singapore, Krishnan will also join the board of directors. With over 16 years of experience in Digital Innovation and Corporate Strategy, Krishnan brings a wealth of expertise to the company. His responsibilities include leading Vatic AI’s global expansion into new markets, overseeing mergers and acquisitions, and driving the development of new AI products focusing on predicting creditworthiness within anonymous online audiences.
Having previously held the position of Global Lead for Digital Transformation at Mastercard Data & Services, Krishnan has a proven track record of driving growth and innovation. His background in esteemed financial institutions like OCBC Bank, Citi, and HDFC Bank demonstrates his ability to design and execute transformative strategies and build fintech partnerships. Additionally, Krishnan’s mentorship involvement with Enterprise Singapore and SMU Institute of Innovation & Entrepreneurship highlights his dedication to supporting the startup ecosystem in the region.
Under Krishnan’s leadership, Vatic AI aims to utilize its Qscore product, which leverages AI to predict the credit qualifications of anonymous online audiences.
“In the longer term, we aim to be the audience intelligence platform of choice across industries, strengthening credit access through Artificial Intelligence (AI),” he stated in an email to e27.
Through proprietary algorithms, Vatic AI seeks to optimize advertising spend at the Top of the Funnel and reduce customer acquisition and processing costs in the finance industry. With Krishnan’s leadership, the company is positioned for strategic growth and continuous innovation in AI and financial services.
Regarding the Qscore product, Krishnan explained, “Our Qscore product uses AI to predict audience creditworthiness based on multiple factors, enabling brands to optimize top-of-funnel advertising and target qualified audiences, reducing customer acquisition costs.”
Currently focusing on the financial services industry, Krishnan mentioned, “We are actively engaging with digital banks and lenders to showcase the value of our AI and address issues related to unqualified leads, high decline rates, and advertising inefficiency.”
Vatic AI has secured funding from investors like Jenny Johnson (President & CEO of Franklin Templeton) and Arthur Becker, with approximately 300 paying clients currently onboard.
Reflecting on the company’s growth, Krishnan stated, “Our journey began over five years ago, offering managed services for our core AfterSearch technology. We have since evolved into a data tech SaaS company, based in Singapore, with a focus on enhancing our product development and serving the financial services industry.”
Image Credit: Vatic AI
This article was first published on May 2, 2024
The post Vatic AI to focus on financial services clientele following appointment of new President & CEO Dilip Krishnan appeared first on e27.