Michael Toh, Owner & Co-founder of 1GFS says, “We are not just providing our customers with business intelligence but also helping them to predict what’s about to come in an informative and descriptive way and how they can change their business model in order to attract more customers.”

1GFS provides two core solutions to its clients— financial technology in terms of merchant acquisition and big data analytics platform. The data analytics platform offered by the company is called XSMART or Cross Platform Data Analytics. The XSMART constitutes a scalable and open standard based platform designed to store, integrate, and manage data for secure data exchange, analytics, and visualization. On top of the XSMART platform, the company has placed expert modules also known as Business Analytics for F&B Merchants which are designed to be business specific. These modules are based on core learning with retailers being the source of input for rules and domain instructions. These rules are ingested in the AI engine and are run through the data clusters in order to evaluate the trends in the retail and F&B businesses.

1GFS is currently developing its second generation artificial intelligence engine which will be able to host the artificial intelligence module in 1GFS’s existing platforms enabling Cognitive Learning. The company is also highly invested in collaborating with Singapore’s Institution of Higher Learning to implement Yolo Technology over its new model of ingesting video data into its system so that it could evaluate the number of customers that are walking into the retail space. 1GFS has also formed alliances with other technology vendors in the USA. By leveraging these companies’ geographical data sets and big data technology, 1GFS performs geographical mapping of the volume of customers in a particular area at a time. Establishing a stronghold regionally, 1GFSfurther plans on attributing its services for the smart nation initiatives of Singapore. “Fintech itself is a huge and disruptive market, but we are specifically focused on disrupting the retail side of it. In coming years, we see a massive change in the market and with that our significant role in driving that change,” concludes Toh.