Economic Transformation Technologies (ETT) | iByond and Knightsbridge Group have entered a $1.2bn partnership, to advance digitisation and fintech solutions in Asia and worldwide.
Under the terms of the agreement, ETT | iByond and Knightsbridge will jointly work on spearheading digital initiatives and modernising financial technology offerings.
The partnership will leverage iByond’s expertise in the Artificial Intelligence (AI) landscape and Knightsbridge’s global network and resources.
It aims to deliver advanced solutions customised to meet the emerging needs of businesses and consumers worldwide.
ETT chairman and CEO Christopher Condon said: “This partnership with Knightsbridge emphasizes ETT’s dedication to being proactive at the forefront of digital innovation and reinforcing its position to global growth and the rapidly evolving Asian market.”
Knightsbridge Group managing director Issaree Suwunnavid said: “I am delighted to announce our joint venture with ETT, bringing cutting-edge fintech solutions to Asia.
“It fills me with immense pride to establish Thailand as the home of this transformative technology, empowering businesses and individuals across the region with innovative financial services.”
ETT | iByond Asia division has executed a five-year software services and licensing agreement with Knightsbridge, worth $683m to ETT and over $500m to Knightsbridge.
The joint venture will leverage ETT’s advanced data management and AI infrastructure and Knightsbridge’s advanced market technologies, to deliver a complete fintech platform.
The platform will enable financial institutions to streamline operations, enhance customer experiences, and drive sustainable growth in the dynamic marketplace.
ETT | iByond said that the collaboration is a significant milestone in Knightsbridge’s strategy to expand in Asia, and drive growth in the region.
ETT Americas and Emerging Markets president David Chlapowski said: “Information presented in a scalable and consumable manner is the new oil and is the fuel of digital innovation.
“The Interoperability of disparate platforms combined with the learning capabilities of artificial intelligence will provide efficiencies never before possible – until now.
“Collectively, we are ushering new era of Web 4.0, the era where Software, Infrastructure, and Finance all come together at the intersection of enablement and wealth creation and turbocharged by AI.”
