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MANAMA: Bank ABC has invited autonomous financial advisory solution providers to take part in its innovation challenge hosted as part of Bahrain Open Banking Supernova 2022, led by the Central Bank of Bahrain.
The challenge, which closes on Sunday, aims at scouting unique technological solutions to power the bank’s AI-driven, emotionally intelligent, digital human assistant, ‘Fatema’ to serve as an autonomous financial adviser for corporates and individuals.
It is open to regional and global solution providers leveraging open banking ecosystems. The proposed solution must further augment existing intuitive customer support capabilities of ‘Fatema’.
Dr Yousif Almas, group chief innovation officer, Bank ABC, said: “At Bank ABC, we envisage the future of banking to be very different from the current way of banking. We endeavour to be at the forefront of shaping the future of banking as we make it more intuitive, integrated and flexible for our clients.
“The winning solution will be considered for integration with our digital assistant’s human-like conversational AI capabilities to offer corporates and individuals instant contextual financial advisory services, at their convenience. It may also enable the bank to effectively communicate in sign language and ultimately spur financial inclusion in the region,” he added.
The proposed solution must connect the bank’s digital assistant to an open banking infrastructure to enable it to provide holistic financial advisory services through a frictionless, secure and effortless experience.
Furthermore, it should provide the digital assistant with the appropriate use cases and data visualisation capabilities through APIs.
The full challenge criteria, technical requirements and Terms and Conditions are available on the Finhub973 website (www.finhub973.com).
The winner will be announced on July 5, following two shortlisting rounds on June 30 and July 7, and if ready, will be given the opportunity to develop a proof-of-concept (POC) by integrating the proposed solution with ‘Fatema’.
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