AGTB partners with Singaporean fintech Taiger to build POC solution while participating at Fintech Abu Dhabi Innovation Challenge
The FinTech Abu Dhabi Innovation Challenge is an annual event for innovative technology solutions, open for startups from across the globe. It is a flagship initiative of the FinTech Abu Dhabi event co-hosted by The Central Bank of the UAE (CBUAE) and Abu Dhabi Global Market (ADGM).
The challenge received more than 180 applications from global fintechs and after the extensive review process, we have selected TAIGER from Singapore to work together and develop a Proof of Concept solution for enhancing AGTB’s digital onboarding journey. TAIGER specializes in advanced AI-engineered information access and extraction solutions, that exploit the meaning of structured and unstructured information with unparalleled accuracy for industry leaders in financial services and the government - significantly reducing costs, human risks, and increasing efficiency and trimming processes for organizations. According to Andrius Anelauskas, Director of Client Relationships, “TAIGER’s solution came across as the most suited one of all the applicants, the one that could really add value for our onboarding journey and meet our requirements”.
After weeks of working on our PoC with Taiger, we developed a solution to extract information from two types of unstructured documents that are submitted during onboarding process – the Board Resolution and Proof of Ownership. The PoC solution was presented during the FinTech Abu Dhabi Innovation Challenge Demo Day, as part of the FinTech Abu Dhabi event on 25 November 2020. Under the partnership, TAIGER and AGTB are also eligible for grant funding to further develop, test and deploy the solution for the use of AGTB clients.