Using artificial intelligence to help banks dig up dirt on non-public companies in Singapore, Hong Kong and China. That’s what our guest for today aims to do. 

Founded in 2023, Inriskable uses AI and alternative data sources, such as company information, litigations, news and directors information to help professionals identify credit risks and information regarding these private companies. 

Through AI-driven analysis and data-driven decision making, the firm hopes to help professionals make more informed judgments when assessing the business information and financial capability of SMEs. 

The firm said this would enhance risk management and sales prospecting processes and improve the accuracy of identifying potential defaults or fraudulent activities. 

So far, Inriskable holds 800 million pieces of company data across regions, and has over 280,000 global unique users. But how is the firm monetising on its user and database? What numbers are we looking at when it boils down to valuation? 

Speaking of valuation, the global Regtech market was valued at US$12.54 billion in 2023 by Spherical Insights & Consulting, with that number expected to balloon to  US$81.48 billion by 2033. We are talking about a CAGR of 20.58% during the forecast period. 

But how does Inriskable see itself within the global regtech market and what will be the key drivers of growth for the firm looking ahead?

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Megan Chau, CEO, Co-founder of Inriskable.