Presight AI Holding has signed a Memorandum of Understanding with HSBC UAE to design and implement advanced AI-based solutions in key sectors of financial services.
According to the press release, the partnership is in line with the commitment of the two organizations to enhance innovation and applied intelligence to address the demands of the financial services industry.
The MOU was signed at Abu Dhabi Finance Week (ADFW), and its goal is to hasten the adoption of the next-generation AI capabilities to enhance the risk intelligence, operational performance, and offer smarter customer and business insights.
HSBC and Presight are aiming to re-engineer AI in these strategic areas and improve operational efficiency, enhance regulatory oversight, and create new opportunities to expand client sustainably.
The collaboration will target major aspects, including intelligent risk and compliance, human capital intelligence, growth and client intelligence, client acquisition, and real-time analytics on executive dashboards.
Presight AI Holding and Shorooq Partners introduced about $100 million global AI innovation fund to support next-generation AI-based ventures across the world.
