Bengaluru, India, August 31, 2021 – Bengaluru headquartered AI startup Signzy has entered The United Arab Emirates (UAE) through a strategic partnership with Seed Group, the Private Office of the Royal Family of Dubai’s Sheikh Saeed bin Ahmed Al Maktoum. Signzy will bring digital transformation in banking and financial services in UAE and Middle East, as it aims for a 3X growth in the region by FY2022.
The move comes at a time when the Emirates are expediting tech transformation across government services and industries, as envisioned in the UAE Digital Government Strategy 2025.
In UAE, Signzy aims to help financial institutions automate their back-office operations, create security and data protection infrastructure, and speed up digitization for faster customer onboarding and real-time verification and fraud detection.
The global AI platform will also help banks and financial institutions meet the transforming customer expectations of immediate, omnipresent, yet personalized user experience with more than 240+ fintech API integrations prefigured on the platform, which allow businesses to spin up instantly.
Seed Group will support Signzy expand its operations in the Emirates and provide further opportunities for outreach across the Middle East, Africa, and Asia regions. The partnership enables Signzy to reach the right audience, access top decision-makers in government and private sectors, and market their products effectively in the region.
Hisham Al Gurg, CEO of Seed Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, said, “The UAE is taking giant strides to meet the objectives of the UAE Digital Government Strategy 2025 and double the size of the digital economy in the next 10 years. Businesses are going through a phenomenal digital transformation and are on the lookout to adopt affordable smart technologies.”
“Having Signzy as our strategic partner will give the country’s digitization agenda the much-needed push. Signzy has been successfully providing cutting-edge digital solutions to various institutions. We see a huge potential for their services in the UAE and the Middle East,” he added.
Signzy is currently working with over 100 financial institutions, including the four largest banks in India and the top three banks in the United States, and various other businesses.
Signzy Co-founder and CEO Ankit Ratan said, “Seed Group brings a wealth of experience and regional access to the MENA region which will power us to rapidly grow market share. Businesses especially banks, financial institutions, and fintechs across UAE and Middle East are doubling efforts to digitize and automate services to build a robust digital financial infrastructure that improves access, transparency, and speed of delivery. We are pleased to partner with Seed Group to fulfill UAE’s vision of digital transformation.”
Seed Group is a notable force in the technology, healthcare, hospitality, and telecommunications landscape in the Middle East. Over the past 16 years, it has formed successful strategic alliances with leading global companies representing diverse regions to accelerate their sustainable market entry and presence within the Gulf Cooperation Council countries.