Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has entered into a strategic partnership with Signzy, a Bangalore-based banking workflow automation company, for financial services, to give further push to digital transformation of businesses across the UAE.
With the support of Seed Group, Signzy aims to triple its growth in the region by the end of fiscal 2022, according to a press release.
The partnership comes at a time when the UAE is expediting tech transformation across government services and industries, as per the goals of the UAE Digital Government Strategy 2025.
Under the partnership, Seed Group will help Signzy expand its operations in the Emirates and the wider Middle East, reach the right audience, access top decision-makers in government as well as private sectors, and market their products effectively in the region.
The AI startup, on the other hand, will bring products and technologies to the region and help companies automate their back office operations, create security and data protection infrastructure and speed up digitisation of their processes.
Hisham Al Gurg, CEO, Seed Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, said, “Having Signzy as our strategic partner will give the country’s digitisation agenda the much-needed push. Signzy has been successfully providing to various institutions cutting-edge digital solutions. We see a huge potential for their services in the UAE and the Middle East,” he added.
Signzy Co-founder and CEO Ankit Ratan said, “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.”
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