Latest news with #ThomasPramotedham
Fintech News ME
2 days ago
- Business
- Fintech News ME
Presight and Dow Jones Factiva Partner to Explore AI-Driven Risk Solutions
Presight, a Abu Dhabi-based AI and big data analytics firm, has signed a MoU with Dow Jones Factiva, a provider of regulatory-grade risk intelligence. The agreement will see the two organisations explore the development of AI-native risk and compliance tools aimed at supporting financial institutions, regulators, and sovereign entities in managing increasingly complex global challenges. The potential partnership intends to combine Dow Jones Factiva's regulatory, legal, and sustainability intelligence with Presight's AI infrastructure and agentic AI capabilities. The aim is to develop systems tailored for high-stakes sectors of the financial ecosystem, enabling more advanced and context-aware approaches to governance and risk management. The proposed solutions are expected to use generative AI, explainable models, and real-time contextual analysis to help legal, compliance, and risk teams anticipate issues before they escalate. These systems would be deployed within secure, sovereign-grade environments, ensuring compliance with national data residency and security frameworks. Commenting on the announcement, Thomas Pramotedham, CEO of Presight, said: 'This collaboration seeks to bring together the best of both worlds: Dow Jones Factiva's unparalleled depth in regulatory-grade data and Presight's sovereign-scale AI delivery. Together, we're working towards redefining how institutions approach risk, through real-time, predictive, and contextualised intelligence. It's Applied Intelligence in action, transforming risk into foresight.' Joel Lange, Executive Vice President and General Manager of Dow Jones Risk & Research, added: 'As business leaders navigate increasingly complex landscapes, we are committed to arming our customers with the tools needed to meet their needs and these discussions with Presight could mark a pivotal step in the development of next-generation risk solutions.' The collaboration is expected to begin in the Gulf region, leveraging the area's regulatory frameworks and national AI infrastructure. Initial focus markets include sovereign wealth funds, central banks, and financial supervisors in the UAE and neighbouring states. Discussions are also underway for future expansion into Southeast Asia, Central Asia, North Africa, the UK, and the US, where the need for secure, auditable, and intelligent compliance systems continues to grow. If realised, the collaboration could contribute to a shift in how risk and compliance functions are delivered, moving towards solutions that are auditable, autonomous, and adaptable to evolving global demands.
TECHx
23-07-2025
- Business
- TECHx
Central Bank Launches AI Venture with Presight
Home » Emerging technologies » Fintech » Central Bank Launches AI Venture with Presight The Central Bank of the United Arab Emirates (CBUAE) and Presight, AI and big data analytics company, have announced the launch of a joint venture. The initiative supports the CBUAE's Financial Infrastructure Transformation Programme (FIT). This strategic partnership marks a major milestone in the UAE's efforts to enhance resilience and integrate artificial intelligence across the financial ecosystem. The signing ceremony was witnessed by key officials, including: H.E. Khaled Mohamed Balama, Governor of the CBUAE H.E. Mansoor Ibrahim Al Mansoori, Vice Chairman of Presight H.E. Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations and Support Services The agreement was signed by H.E. Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at CBUAE, and Mr. Thomas Pramotedham, CEO of Presight. The joint venture will deliver sovereign, AI-powered platforms and services to strengthen the UAE's financial market infrastructure. It will support critical systems such as: Central Bank Digital Currency (CBDC) Instant Payments Platform (Aani) Domestic Card Scheme (Jaywan) National Card Switch Real-Time Gross Settlement (RTGS) system Open Finance initiative (Nebras) H.E. Ebrahim Obaid Al Zaabi stated that the venture reinforces the UAE's commitment to building a secure, efficient, and future-ready financial system. He noted that combining the CBUAE's infrastructure strategy with Presight's technology will enhance the UAE's position as a global financial hub. Mr. Thomas Pramotedham added that the venture will apply advanced AI to key financial systems. He emphasized that this sovereign finance technology initiative is designed to accelerate innovation, resilience, and operational security.
Fintech News ME
23-07-2025
- Business
- Fintech News ME
CBUAE and Presight Launch Joint Venture to Boost AI Integration in Financial Infrastructure
The Central Bank of the United Arab Emirates (CBUAE) and Presight, an AI and big data analytics company, have announced the establishment of a joint venture to support the CBUAE's Financial Infrastructure Transformation (FIT) Programme. The initiative represents a key development in the UAE's efforts to strengthen the resilience of its financial systems and integrate artificial intelligence across its financial ecosystem. The joint venture will deliver sovereign, AI-based technology platforms and services designed to support and improve the UAE's financial market infrastructure. It will contribute to the development, upkeep, and technical support of key financial systems such as the Central Bank Digital Currency (CBDC) infrastructure, Instant Payments Platform (Aani), Domestic Card Scheme (Jaywan), National Card Switch, Real Time Gross Settlement (RTGS) system, and Open Finance platform (Nebras). Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at CBUAE, stated, 'By leveraging the leading role of the CBUAE's Financial Infrastructure Transformation Programme and the technological expertise of Presight, this venture will strengthen the financial ecosystem of the UAE and the national economic stability, thereby enhancing the country's position as a global financial hub.' Thomas Pramotedham, CEO of Presight, commented, 'By focusing exclusively on AI driven financial solutions, we are creating a sovereign finance technology powerhouse that will redefine how financial markets operate, faster, with applied intelligence, and more securely than ever before.'
Zawya
24-06-2025
- Business
- Zawya
Presight announces inaugural cohort of global startups joining its AI Accelerator programme
Presight today announced the 10 startups who have won their place as part of the Presight AI-Startup Accelerator, a strategic launchpad designed to propel AI startups to scale with speed, impact, and commercial intent. The announcement follows an evaluation and selection process that attracted 120 applications from AI startups across 17 countries, spanning diverse sectors such as Smart Cities, Fintech, Energy, AI Governance, and Sovereign AI. The shortlisted pool of 15 global finalists was selected to participate in the final pitch days, held on 2–3 June. The event featured in-person pitches in Abu Dhabi at Presight's office and virtual presentations from international startups. Finalists had already raised over US$150 million collectively, backed by leading global accelerators like Microsoft, Google, Alchemist, and Techstars, underscoring the exceptional calibre of applicants. Thomas Pramotedham, Chief Executive Officer of Presight, said, 'The Presight AI-Startup Accelerator is more than a program—it's a strategic growth engine for both visionary startups and Presight itself. We launched this initiative to identify and scale the most promising AI innovations globally, integrate them into our ecosystem, and drive transformative impact across industries. In providing the 10 AI startups with access to infrastructure, mentorship, and market reach, we're accelerating their growth and our own innovation pipeline. This approach allows us to build a portfolio of world-class AI solutions faster and more effectively than traditional R&D or acquisitions. 'Through the evaluation process, we prioritised rigor, readiness to scale, and strategic alignment with Presight's business focus. These 10 startups represent the strongest potential for impact within Presight's ecosystem. The selection process was among the most competitive in the region, and we thank all 15 finalists for their impressive vision and energy.' The ten winning startups selected to join the accelerator include: Derq (UAE, USA): A leading provider of patented AI-powered intelligent transportation systems (ITS) helping cities prevent crashes, solve complex road safety challenges, and improve traffic flow. Resync (Singapore): AI-driven Energy Efficiency and Sustainability solution for the Built Environment. Resync's cutting edge technology provides HVAC optimisation, iFM and Energy Savings for commercial and industrial buildings across Southeast Asia and Middle East. AlphaGeo (Singapore): Provides data, analytics and tools to navigate climate risk and invest in adaptation and resilience. (UAE/Tajikistan): Zypl generates synthetic outliers from its proprietary zGAN model to optimize the performance of AI agents — especially under edge cases and black swans. Focused on financial services use cases, zypl's enterprise AI platform enables banks to reduce defaults, improve fraud detection and increase repayment rates. (Indonesia / Singapore): Provides native AI-powered education and training solutions with adaptive learning pathways for schools, enterprises, and government institutions. Waverity (Azerbaijan): Solves the challenge of limited insights and low accuracy in seismic data interpretation. Using advanced AI algorithms, it enhances image quality, reduces subsurface uncertainty, and accelerates exploration and drilling decisions in the energy sector. Vulcan (UAE): Offers GenAI security, safety, & compliance tools, from assessment through protection. Trusted by leading organizations in the high-tech & public sectors, Vulcan is the GenAI-specific solution to ensure safety, security and operational integrity. NodeShift (UAE, USA): A sovereign AI cloud platform that lets users run LLMs, image, and speech models in one click — securely, on cloud or on-premises. Maiden Century (USA): Developer of a proprietary data science platform designed to help fundamental and systematic investors harness the power of both internal and external data resources to generate powerful investment insights. Cobi (UAE, USA): Offers an AI-powered business intelligence platform designed to enhance customer engagement and product optimisation. A distinguished jury panel evaluated each 10-minute pitch before selecting the final Cohort winners. Members of the judging panel included: Kareem Okeili, Senior Partner Development Manager, Microsoft; Sultan Al Hajji, Senior Adviser to the President of Mohamed bin Zayed University of Artificial Intelligent (MBZUAI); and Darsh Singh Mann, Head of Business Development and Partnerships, StartX by Stanford University. They were joined by a selection of senior management from Presight. The selected startups will now join the Presight AI-Startup Accelerator Bootcamp in Abu Dhabi. This immersion programme includes technical mentoring, strategic market access to scale with potential commercial proof-of-concepts and contracts, product refinement, and investment readiness for the venture capital funding during demo day.
Channel Post MEA
24-06-2025
- Business
- Channel Post MEA
Presight Announces Its Inaugural Cohort of its AI Accelerator Program
Presight today announced the 10 startups that have won their place as part of the Presight AI-Startup Accelerator, a strategic launchpad designed to propel AI startups to scale with speed, impact, and commercial intent. The announcement follows an evaluation and selection process that attracted 120 applications from AI startups across 17 countries, spanning diverse sectors such as Smart Cities, Fintech, Energy, AI Governance, and Sovereign AI. The shortlisted pool of 15 global finalists was selected to participate in the final pitch days, held on 2–3 June. The event featured in-person pitches in Abu Dhabi at Presight's office and virtual presentations from international startups. Finalists had already raised over USD $150 million collectively, backed by leading global accelerators like Microsoft, Google, Alchemist, and Techstars—underscoring the exceptional calibre of applicants. Thomas Pramotedham, Chief Executive Officer of Presight, said: 'The Presight AI-Startup Accelerator is more than a program—it's a strategic growth engine for both visionary startups and Presight itself. We launched this initiative to identify and scale the most promising AI innovations globally, integrate them into our ecosystem, and drive transformative impact across industries. In providing the 10 AI startups with access to infrastructure, mentorship, and market reach, we're accelerating their growth and our own innovation pipeline. This approach allows us to build a portfolio of world-class AI solutions faster and more effectively than traditional R&D or acquisitions. 'Through the evaluation process, we prioritized rigor, readiness to scale, and strategic alignment with Presight's business focus. These 10 startups represent the strongest potential for impact within Presight's ecosystem. The selection process was among the most competitive in the region, and we thank all 15 finalists for their impressive vision and energy.' Meet the 10 Winners: Derq (UAE, USA): A leading provider of patented AI-powered intelligent transportation systems (ITS) helping cities prevent crashes, solve complex road safety challenges, and improve traffic flow. A leading provider of patented AI-powered intelligent transportation systems (ITS) helping cities prevent crashes, solve complex road safety challenges, and improve traffic flow. Resync (Singapore): AI-driven Energy Efficiency and Sustainability solution for the Built Environment. Resync's cutting edge technology provides HVAC optimisation, iFM and Energy Savings for commercial and industrial buildings across Southeast Asia and Middle East. AI-driven Energy Efficiency and Sustainability solution for the Built Environment. Resync's cutting edge technology provides HVAC optimisation, iFM and Energy Savings for commercial and industrial buildings across Southeast Asia and Middle East. AlphaGeo (Singapore): Provides data, analytics and tools to navigate climate risk and invest in adaptation and resilience. Provides data, analytics and tools to navigate climate risk and invest in adaptation and resilience. ai (UAE/Tajikistan): Zypl generates synthetic outliers from its proprietary zGAN model to optimize the performance of AI agents — especially under edge cases and black swans. Focused on financial services use cases, zypl's enterprise AI platform enables banks to reduce defaults, improve fraud detection and increase repayment rates. Zypl generates synthetic outliers from its proprietary zGAN model to optimize the performance of AI agents — especially under edge cases and black swans. Focused on financial services use cases, zypl's enterprise AI platform enables banks to reduce defaults, improve fraud detection and increase repayment rates. ai (Indonesia / Singapore): Provides native AI-powered education and training solutions with adaptive learning pathways for schools, enterprises, and government institutions. Provides native AI-powered education and training solutions with adaptive learning pathways for schools, enterprises, and government institutions. Waverity (Azerbaijan): Solves the challenge of limited insights and low accuracy in seismic data interpretation. Using advanced AI algorithms, it enhances image quality, reduces subsurface uncertainty, and accelerates exploration and drilling decisions in the energy sector. Solves the challenge of limited insights and low accuracy in seismic data interpretation. Using advanced AI algorithms, it enhances image quality, reduces subsurface uncertainty, and accelerates exploration and drilling decisions in the energy sector. Vulcan (UAE): Offers GenAI security, safety, & compliance tools, from assessment through protection. Trusted by leading organizations in the high-tech & public sectors, Vulcan is the GenAI-specific solution to ensure safety, security and operational integrity. Offers GenAI security, safety, & compliance tools, from assessment through protection. Trusted by leading organizations in the high-tech & public sectors, Vulcan is the GenAI-specific solution to ensure safety, security and operational integrity. NodeShift (UAE, USA): A sovereign AI cloud platform that lets users run LLMs, image, and speech models in one click — securely, on cloud or on-premises. No DevOps required. A sovereign AI cloud platform that lets users run LLMs, image, and speech models in one click — securely, on cloud or on-premises. No DevOps required. Maiden Century (USA): Developer of a proprietary data science platform designed to help fundamental and systematic investors harness the power of both internal and external data resources to generate powerful investment insights. Developer of a proprietary data science platform designed to help fundamental and systematic investors harness the power of both internal and external data resources to generate powerful investment insights. Cobi (UAE, USA): Offers an AI-powered business intelligence platform designed to enhance customer engagement and product optimization. A distinguished jury panel evaluated each 10-minute pitch before selecting the final Cohort winners. Members of the judging panel included: Kareem Okeili, Senior Partner Development Manager, Microsoft; Sultan Al Hajji, Senior Adviser to the President of Mohamed bin Zayed University of Artificial Intelligent (MBZUAI); and Darsh Singh Mann, Head of Business Development and Partnerships, StartX by Stanford University. They were joined by a selection of senior management from Presight. Amr Kamel, General Manager, Strategic Partnerships, Microsoft Central & Eastern Europe, Middle East & Africa at Microsoft – a strategic partner of the Presight AI-Startup Accelerator, said: 'We are excited about the calibre and vision demonstrated by the AI Startups participating in the Presight AI-Startup Accelerator. Through our collaboration with Presight, Microsoft is committed to equipping these startups with advanced AI tools and cloud infrastructure, helping them develop innovative solutions and accelerate their growth. We look forward to seeing how they leverage these resources to make meaningful contributions across various industries.' Sultan Al Hajji, Senior Adviser to the President of MBZUAI, said: 'While evaluating the finalists, we had a clear window into the bold thinking that's driving the UAE's AI startup ecosystem. As a strategic partner of the Presight AI Startup Accelerator, MBZUAI, through our Incubation and Entrepreneurship Center, is committed to empowering founders by providing cutting-edge AI expertise and mentorship. Together, we aim to accelerate the UAE's leadership in AI innovation by supporting the development of transformative AI ideas.' Next Stop: Accelerator Bootcamp The selected startups will now join the Presight AI-Startup Accelerator Bootcamp in Abu Dhabi. This immersion program includes technical mentoring, strategic market access to scale with potential commercial proof-of-concepts and contracts, product refinement, and investment readiness for the venture capital funding during demo day. Presight's Vision for Applied Intelligence The Presight AI-Startup Accelerator offers startups access to Presight's cutting-edge AI infrastructure, the UAE and G42's partner ecosystem, and industry-leading mentorship. The program is designed as a launchpad for market-ready startups to scale exponentially across public services, finance, energy, education, and more. The Accelerator helps startups refine their AI-powered products, optimize go-to-market strategies, gain access to distribution channels, and integrate with Presight's product pipeline—providing unmatched cross-selling, networking, and promotional opportunities.
