Arya.ai

Arya.ai operates as a specialized Artificial Intelligence (AI) firm providing a Platform as a Service (PaaS) for the Banking, Financial Services, and Insurance (BFSI) sectors. Founded in 2013 by Vinay Kumar Sankarapu and Deekshith Marla, researchers from IIT Bombay, the company was established to simplify the complexities of AI and make deep learning accessible to enterprises. Sankarapu, with a background in Mechanical Engineering and a Master's thesis on using Convolutional Neural Networks for failure prediction, serves as CEO. Marla, the CTO, holds a B.Tech in Computer Science and has a research background in AI from IIT Bombay. Both founders were listed in Forbes Asia's 30 Under 30.

The company's business model is centered on offering enterprise-grade AI solutions that are scalable, auditable, and compliant with the stringent regulations of the financial industry. Arya.ai generates revenue by providing a suite of products and AI APIs that clients can integrate into their existing infrastructure. This includes tools for tasks such as automated claims processing, underwriting, fraud detection, and customer onboarding. In April 2024, Arya.ai was acquired by Aurionpro Solutions, a global enterprise solutions leader, in a deal valued at approximately $16.5 million, to enhance Aurionpro's AI capabilities and expand its offerings for financial institutions.

Arya.ai's product portfolio is designed for data-critical decisions and process automation. Key offerings include 'Apex', an AI API platform with over 100 APIs for tasks like KYC data extraction and bank statement analysis, and 'Nexus', an AI API gateway to secure and govern API usage. The company also offers 'AryaXAI', a Machine Learning (ML) Observability tool that provides explainability, monitoring, and audit capabilities to ensure AI models are transparent and governable. The platform serves over 100 clients in the BFSI sector, including major names like ICICI Lombard, TATA AIG, and Axis Bank, helping them to automate workflows, reduce fraud, and improve operational efficiency.

Keywords: AI for BFSI, ML observability, deep learning platform, financial services AI, insurance AI, automated underwriting, fraud detection AI, KYC automation, claims processing automation, AI API platform, enterprise AI, PaaS, Vinay Kumar Sankarapu, Deekshith Marla, Aurionpro, AryaXAI, intelligent document processing, AI governance, bank statement analysis, computer vision APIs, regulatory compliance AI, financial technology, risk management AI