OneDegree Group Rebrands as AIFT with Vision to Secure the Future

23 October 2024 – OneDegree Group, the global cybersecurity and insurance technology company,  today announced its new branding: AIFT. AIFT reflects the group’s vision to “Secure the Future”, a  future that will increasingly be shaped by artificial intelligence. The rebrand also affirms the group’s global presence, with local operations in UAE, Singapore, Malaysia, Vietnam, Hong Kong, Taiwan, and  South Korea. 

AIFT was founded in 2016 with the company name AI Financial Technology, reflecting the founders’  early vision of an AI-enabled future. It first adopted the trading name of its insurance arm, OneDegree.  Now the time is ripe to fully embrace the AIFT brand as the group builds the security layer for future  mega trends including AI, Web3 and future lifestyles. 

AI is deeply embedded in the group’s products and services: 

– AIFT’s cybersecurity company Cymetrics launched Vulcan, an advanced AI security and large  language model (LLM) verification platform designed to assess AI models for vulnerabilities  and compliance with Responsible AI standards.  

– The group’s Web3 business, OneInfinity, is powered by a proprietary AI-powered risk  intelligence platform MAMORI.AI that is now being licenced to regulators, exchanges, and  asset managers around the world. 

– AI has powered OneDegree, AIFT’s virtual insurer, to profitability in record time by increasing  revenue per employee. 

The group’s AI developments described above have been achieved in partnership and with support from leading global players including Microsoft, Amazon, and Google. 

AIFT has developed a leading position in various cybersecurity and insurance markets across the  Middle East and Asia. With this rebranding, the group is ideally positioned to bring its innovative  products and services to a broad set of markets and geographies across the world.

AIFT Co-founder and CEO Alvin Kwock said, “We are thrilled to unveil our AIFT branding, which cements our confidence in and commitment to mega trends such as AI and Web3. We first identified  the transformational power of these mega trends when we founded the group in 2016. With the  team’s relentless focus and creativity, we are seeing fruition in innovative products and strong  partnerships. We are excited to take the next step of our journey together under the AIFT brand.”  

AIFT Co-founder and CXO Alex Leung added, “The AIFT rebrand represents a pivotal moment in our  evolution, showcasing how far we have come in our mission to build the security layer of the future.  Our new identity embodies our commitment to innovation and our belief that technology, with AI at  its core, will shape the future. We see AI not simply as a tool, but as an essential agent that accelerates  innovations, transforms industries, and empowers individuals to overcome the critical challenges of  tomorrow.” 

AIFT comprises the following innovative businesses: 

– Cymetrics: Proactive cyber risk solution provider offering a market-leading AI security platform; – IXT: Empowering insurers to drive business results with modern insurtech solutions; – MAMORI.AI: Comprehensive risk intelligence platform for investors, regulators and Web3  natives; 

– OneDegree: Leading virtual insurer with dominant market share in pet insurance; 

– OneInfinity: The first insurer in Asia and Middle East, and second in the world, to insure digital  assets; and  

– OneSavie: Web3 risk management consultancy with deep expertise in custody and risk  monitoring