An Austrian platform wins the “Innovation in Artificial Intelligence” challenge

The “ADIB Ventures” initiative, affiliated with Abu Dhabi Islamic Bank, and in partnership with the “Innovation Center” of the Dubai International Financial Center, announced the name of the winner of the “Innovation in Generative Artificial Intelligence” challenge, which was launched by the two entities, with the aim of enhancing efforts to develop advanced generative artificial intelligence solutions. To improve the level of banking services, simplify operations, and improve customer experience.

The Challenge Award was won by the DeepOpinion platform, which relies on artificial intelligence capabilities and is based in Austria. It specializes in understanding natural language and analyzing the information contained in documents. The platform focuses on automating the flow of complex processes, such as document processing and improving customer service.

Fernando Plaza Lopez, Head of Digital Affairs at Abu Dhabi Islamic Bank, said: “Through partnership with the (Innovation Center in the Dubai International Financial Center), we have created a platform for innovators in the field of artificial intelligence, to present their transformative ideas and open the way for them to cooperate with the bank to redefine what can be done.” achieved by banking services.

The “Innovation in Generative Artificial Intelligence” challenge provided emerging companies and technology innovators from around the world with the opportunity to showcase their products and solutions supported by artificial intelligence technologies directly in front of Abu Dhabi Islamic Bank officials, and provided the winners with the opportunity to cooperate with the bank, to test the effectiveness of their advanced solutions. In a real banking environment, with the possibility of establishing long-term strategic partnerships.