ADVANCE.AI appoints Industry Veteran Lim Teng Sherng as Chief Commercial Officer

SINGAPORE, September 1, 2021 — ADVANCE.AI, a Singapore-based artificial intelligence (AI) and big data company that provides digital identity verification, enterprise fraud and risk management solutions, has appointed Singaporean industry veteran Lim Teng Sherng as Chief Commercial Officer to lead the international expansion of its commercial business.

Lim has over 25 years of experience in risk and compliance, cybersecurity, systems integration, business infrastructure and enterprise applications. His experience spans across multiple industries, from financial services to telecommunications, manufacturing and healthcare. Prior to ADVANCE.AI, Lim was Vice President, Asia Pacific, at LexisNexis Risk Solutions and Managing Director, Asia Pacific and Japan, at ThreatMetrix. Before that, he held senior management and leadership roles at CA Technologies, IBM, BT Security, Deloitte Consulting and Oracle.

Lim, Chief Commercial Officer of ADVANCE.AI, said: “I’m joining ADVANCE.AI at a time when many enterprises globally are accelerating their digital transformation plans post Covid19. These enterprises need a technology partner that can help them thrive and future-proof their business in the post-pandemic era. ADVANCE.AI’s one-stop digital identity verification (DIV) platform, which unifies our best-in-class digital identity, enterprise fraud and risk management solutions, can be configured, tailored and deployed across a wide range of industries and regions and I’m very excited to lead the internationalisation of our business.”

Dong Shou, CEO of ADVANCE.AI, said: ”Teng Sherng brings with him a wealth of experience, knowledge and industry networks that will help expand ADVANCE.AI’s partnership and commercial opportunities as we embark on the next stage of growth. His immediate focus will be to deepen and widen our enterprise client base in digital financial services and commerce across our core markets in South and Southeast Asia, before exploring international partnership opportunities covering but not limited to the above-mentioned sectors.”