OneDegree rebrands as AIFT, strengthens focus on AI and cybersecurity

OneDegree Group, a company specialising in cybersecurity and insurance technology, has rebranded as AIFT.

The change reflects its strategic focus on artificial intelligence (AI) and broader expansion across global markets.

Why did OneDegree Group rebrand?

AIFT’s new identity aligns with its mission to “Secure the Future,” as the group integrates AI into its operations and adapts to emerging technological trends such as Web3.

Initially founded in 2016 as AI Financial Technology, the group originally used the OneDegree brand for its insurance arm.

With the shift to AIFT, the company is now positioning itself to fully embrace AI and the growing importance of digital technologies, particularly in the cybersecurity and insurance sectors.

Artificial intelligence’s role in AIFT

AI plays a critical role in AIFT’s portfolio, which includes the following business units:

• Cymetrics, AIFT’s cybersecurity firm, has developed Vulcan, an AI-powered platform designed to assess vulnerabilities in AI systems and ensure compliance with Responsible AI guidelines.
• OneInfinity, the group’s Web3-focused subsidiary, operates on MAMORI.AI, an AI-based risk intelligence platform that is being licensed globally to regulators, exchanges, and asset managers.
• OneDegree, AIFT’s virtual insurance arm, has leveraged AI to streamline operations, achieving profitability by increasing revenue per employee.

AIFT’s technological developments have been bolstered by collaborations with major players such as Microsoft, Amazon, and Google. The company has built a strong position in various markets across the Middle East and Asia, particularly in cybersecurity and insurance.

With the rebranding, AIFT is preparing to bring its suite of AI-driven products and services to a wider global audience.

AIFT co-founder and CEO Alvin Kwock said that the move underscores the company’s commitment 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,” he said.

Co-founder and CXO Alex Leung noted that AI is a fundamental enabler of innovation and 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,” he said.

AIFT business lineup

The group’s business lineup under the AIFT banner includes:

• Cymetrics, a cybersecurity platform using AI for proactive threat detection
• IXT, a provider of insurtech solutions for insurers
• MAMORI.AI, a comprehensive risk intelligence platform aimed at Web3 investors and regulators
• OneDegree, a virtual insurer with a leading position in pet insurance
• OneInfinity, one of the first companies in Asia and the Middle East to insure digital assets
• OneSavie, a consultancy specializing in risk management and custody solutions for Web3

Cybersecurity threats intensify in Asia Pacific

AIFT strengthens its AI and cybersecurity offerings as the Asia-Pacific region continues to face escalating cyber threats.

A recent report from Akamai Technologies revealed that APAC holds the highest global median threat score for phishing attacks directed at financial institutions. It also noted that the financial services industry remains a top target for Layer 3 and Layer 4 distributed denial-of-service attacks.