Uptiq.AI acquires financial data integration fintech UpSwot for undisclosed sum
US-based Uptiq.AI has acquired financial data integration fintech UpSwot for an undisclosed sum.
UpSwot’s financial data gateway will now power Uptiq.AI’s AI Workbench
Backed by the likes of CFV Ventures, ICBA and First Southern National Bank, UpSwot’s financial data gateway enables businesses to retrieve, analyse and utilise financial data more effectively.
Uptiq.AI is an enterprise AI platform that provides pre-packed AI agents to support advisors, loan officers and other financial professionals to easily find essential business data and insights needed to improve decision-making and automate workflows.
UpSwot’s data integration capabilities will now be used to power Uptiq.AI’s recently launched AI Workbench product, enabling the company’s AI agents to act upon UpSwot’s insights and query and embed data from a wide array of sources across “key categories like accounting, banking, payroll, ERP, and CRM”, Uptiq.AI says.
This integration will enable companies to boost decision-making and enhance processes such as loan origination, portfolio management and customer interactions.
Uptiq.AI CEO Snehal Fulzele says he expects the acquisition to “unlock the full potential” of the company’s latest product, and in turn, allow financial institutions to “harness the power of their data like never before”.
Meanwhile, Dmitry Norenko, CEO of UpSwot, says joining Uptiq.AI will “enable us to expand our reach and further amplify the impact of our data integration technology”.
