OneDegree Rebrands as AIFT: A Strategic Shift Towards AI and Cybersecurity

In a significant move that underscores its commitment to innovation and technological advancement, OneDegree Group has officially rebranded itself as AIFT. This transformation not only reflects a new identity but also marks a strategic pivot towards a stronger emphasis on artificial intelligence (AI) and cybersecurity. As the company prepares to expand its footprint in global markets, the rebranding aligns with its mission to "Secure the Future" in an increasingly digital landscape.

The Rationale Behind the Rebranding

The decision to rebrand from OneDegree to AIFT stems from the company’s desire to integrate AI into its core operations and adapt to emerging technological trends, including the burgeoning Web3 ecosystem. Originally founded in 2016 as AI Financial Technology, OneDegree had been primarily associated with its insurance arm. However, the rebranding to AIFT signifies a broader vision that encompasses various facets of technology and security.

AIFT’s new identity is not just a cosmetic change; it represents a strategic alignment with the company’s evolving mission. By focusing on AI and cybersecurity, AIFT aims to position itself as a leader in these critical areas, addressing the growing demand for innovative solutions in an era marked by rapid technological advancement.

The Role of Artificial Intelligence in AIFT’s Portfolio

AI is at the heart of AIFT’s operations, playing a pivotal role across its diverse business units. The company has developed several key platforms and services that leverage AI to enhance security and operational efficiency:

1. Cymetrics: AIFT’s cybersecurity firm, Cymetrics, has introduced Vulcan, an AI-powered platform designed to assess vulnerabilities in AI systems. This platform ensures compliance with Responsible AI guidelines, making it a crucial tool for organizations looking to navigate the complexities of AI governance.

2. OneInfinity: This subsidiary focuses on Web3 and operates on MAMORI.AI, an AI-based risk intelligence platform. MAMORI.AI is being licensed globally to regulators, exchanges, and asset managers, providing them with the insights needed to manage risks in the evolving digital landscape.

3. OneDegree: AIFT’s virtual insurance arm has successfully integrated AI to streamline operations, achieving profitability by increasing revenue per employee. This innovative approach has positioned OneDegree as a leader in the pet insurance market.

Through collaborations with tech giants like Microsoft, Amazon, and Google, AIFT has fortified its technological capabilities, enabling it to deliver cutting-edge solutions in cybersecurity and insurance across various markets, particularly in the Middle East and Asia.

Leadership Insights on the Rebranding

AIFT’s co-founder and CEO, Alvin Kwock, emphasized that the rebranding is a testament to the company’s dedication to AI and Web3 as key drivers of innovation. "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," Kwock stated.

Co-founder and CXO Alex Leung echoed this sentiment, highlighting AI’s role as a fundamental enabler of transformation across industries. "This rebranding marks a turning point in our growth. AI is not just a tool; it is a fundamental enabler of innovation and transformation across industries. With AIFT, we are committed to building the next generation of security infrastructure for the challenges ahead," Leung remarked.

AIFT’s Comprehensive Business Lineup

Under the AIFT banner, the company has consolidated its business units to create a robust lineup that addresses the needs of modern enterprises:

• Cymetrics: A cybersecurity platform utilizing AI for proactive threat detection.
• IXT: A provider of insurtech solutions tailored for insurers.
• MAMORI.AI: A comprehensive risk intelligence platform aimed at Web3 investors and regulators.
• OneDegree: A virtual insurer with a stronghold in the pet insurance sector.
• OneInfinity: One of the first companies in Asia and the Middle East to offer insurance for digital assets.
• OneSavie: A consultancy specializing in risk management and custody solutions for Web3.

Addressing Escalating Cybersecurity Threats in Asia Pacific

As the Asia-Pacific region grapples with escalating cyber threats, AIFT’s enhanced focus on AI and cybersecurity is timely and necessary. The company is poised to deliver innovative solutions that not only protect businesses but also foster trust in the digital economy. By leveraging AI, AIFT aims to stay ahead of the curve, ensuring that its clients are equipped to handle the challenges posed by an increasingly interconnected world.

Conclusion

The rebranding of OneDegree to AIFT marks a pivotal moment in the company’s journey, reflecting its commitment to harnessing the power of AI and cybersecurity. As AIFT prepares to roll out its suite of AI-driven products and services to a global audience, it stands ready to lead the charge in securing the future of technology and insurance. With a strong foundation built on innovation and strategic partnerships, AIFT is well-positioned to navigate the complexities of the digital landscape and address the pressing challenges of tomorrow.