Goals101 Data Solutions, India’s leading fintech and Big Data technology platform, has opened its full-fledged office in the Qatar Financial Centre (QFC) and the company is in talks with leading domestic lenders for its machine learning and artificial intelligence (AI) solutions.
The move by Goals 101 Data Solutions, which already has operations in Malaysia besides India, makes it the first India fintech company in Qatar through which it is expanding operations in the wider Middle East region.
Goals101 aims to target banks that are increasingly looking at the potential benefits of financial technology and digital platforms.
Confirming the talks with leading banks in the country, Raghu Mohapatra, group chief operating officer, said, “We will soon be announcing the implementation of our solutions in leading Qatari banks which will help them lead the way with personalised, automated banking to their clients.”
Goals101 is a technology disrupter redefining next generation intelligent banking powered by transaction behaviour, location and social intelligence. The company today has partnerships across 21 leading banks in Asia and solves multitude of use cases, according to a statement.
This (opening of Doha office) “will strengthen our existing operations and help serve this key market while we lead our expansion into other countries across the Middle East and Africa. Our proprietary platform “Alpha” is powered by machine learning and artificial intelligence and has been designed by some of the leading data scientists in the world,” said Visham Sikand, managing director and founder, Goals101, which has full-fledged offices in Kuala Lumpur, New Delhi, Mumbai and Bengaluru.
Yousuf Mohamed al-Jaida, chief executive, QFC Authority said the firm joins over 570 other companies that are benefiting from the QFC’s unique business model, and the world-class legal, regulatory, tax and business infrastructure it offers.
“Our commitment to the success of all firms operating on the QFC platform remains one of our highest priorities, and we look forward to continuing to facilitate their business growth in Qatar and beyond,” he said.
“We are delighted to choose Qatar as our first base in Middle East and being incorporated and licensed at the QFC – offers us competitive benefits, such as operating within a legal environment based on English common law, 100% foreign ownership, a suitable corporate tax on locally sourced profits,” according to Sumit Malhotra, chief executive, Goals101, Qatar.




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