Overview
OnCorps, Inc. is a leading technology firm specializing in the deployment of advanced artificial intelligence (AI) solutions to improve decision-making and reduce operational burdens primarily in the financial services and technology sectors. The company focuses on enhancing labor-intensive processes to streamline operations, minimize errors, and reduce risk. This has positioned OnCorps as a trusted technology partner for some of the world's foremost capital markets firms, leveraging over 20 algorithms in daily production within its AI systems.
Leadership Team
Bob Suh - Founder and CEO
Bob Suh, the founder and CEO, has steered OnCorps to prominence through his extensive experience in strategic technology, having served as chief technology strategist at Accenture. His leadership is complemented by published contributions to AI and behavioral economics, prominently featured in the Harvard Business Review.
Arnav Garg - Chief Operating Officer
Arnav Garg, the Chief Operating Officer, oversees operational efficiency and organizational growth. With his background as an associate partner at McKinsey & Company focused on growth strategy and software, Arnav provides robust analytical expertise, backed by a degree in quantitative economics from Tufts University.
Susan Ledoux - Chief Financial Officer
Susan Ledoux, as Chief Financial Officer, manages the financial strategies of OnCorps. Her history of financial leadership is underscored by her role as the former CFO of Veracode, a company sold for $614 million. She holds an MBA from Babson College, symbolizing her adeptness in strategic financial planning and execution.
Products and Services
OnCorps delivers an advanced suite of AI tools that includes Recon AI, Review AI, and Pricing AI. These tools serve essential functions in back-office, middle-office, and reporting tasks within the financial sector. Through pre-trained algorithms and seamless integrations, OnCorps enhances data management, reconciliation, and incident detection processes.
Recent Developments
The company has attracted $9.6 million in funding over six successful rounds. Additionally, OnCorps has received accolades such as the "Best Banking Infrastructure Software" from FinTech Breakthrough, affirming its innovative contributions to AI in financial services.
Employee Expertise
OnCorps is built around a team of specialists well-versed in machine learning, software engineering, and data science. Team members possess degrees from elite institutions like Harvard University and have career histories with globally respected entities, lending credence to OnCorps' innovative capabilities.
Strategic Vision
OnCorps is committed to fostering an elevated work environment and performance through its relentless focus on AI and data science research and development. As an AWS Advanced Partner adhering to SOC1 and ISO 27001 security standards, they ensure secure and efficient AI deployments, reinforcing their leadership in AI-enhanced decision-making within the financial industry.
Competitor Profile
Overview of Competitive Landscape
OnCorps AI operates in a dynamic market with several major players vying for supremacy in the intersection of AI technology and financial services.
Key Competitors
- TermScout: A Denver-based company providing an AI-driven contract review platform, facilitating faster contract negotiations through data-backed insights.
- Blue Prism: A pioneer in Robotic Process Automation (RPA), Blue Prism creates intelligent automation software, transforming business processes across the financial and healthcare sectors. Now part of SS&C, they continue to excel in digital workforce management.
- Intapp: Intapp delivers AI-powered, cloud-based solutions to over 2,650 clients, including elite legal and accounting firms, enhancing workflow efficiency and strategic decision-making.
- Auquan: Known for automating manual financial tasks, Auquan employs AI agents that promote strategic engagement by resolving complex data issues.
- Accern: Specializing in Natural Language Processing (NLP), Accern's no-code platform automates research workflows, improving decisions for financial services organizations.
Other Notable Competitors
- Intellias
- Tellius
- DataRobot
Competitive Landscape Insights
OnCorps AI has carved a niche by focusing intensively on AI applications specific to the financial services sector. While competitors like Blue Prism emphasize broader industry applications through RPA, TermScout shines in legal tech innovations. Intapp distinguishes itself with expansive cloud and AI solutions for professional service firms. This competitive positioning provides insights into potential collaborations, differentiation strategies, and growth opportunities for OnCorps AI as it navigates a robust and diverse ecosystem of AI solution providers.
