Technology company Kyckr (ASX:KYK) has announced it will commence a proof of concept with Singaporean life insurance company Prudential Singapore for smart client onboarding services.
The proof of concept was awarded by Prudential following the inaugural Fintegrate partnership program and Kyckr’s participation in the Singapore Monetary Authority’s Fintec Hackcelerator.
Kyckr was one of the three companies chosen from a shortlist of six finalists out of 600 fintech companies at the Hackcelerator.
Kyckr Managing Director David Cassidy said the selection of Kyckr by Prudential to address the strategic and business requirements of the company further demonstrates the growing versatility of Kyckr’s services and relevance to different industry sectors and markets.
Prudential Singapore CEO Wilf Blackburn said collaboration with fintechs is a key pillar of the company’s digital strategy to make insurance simpler and more accessible.
Shares in Kyckr (ASX:KYK) are trading flat at 15 cents.