Zoral and Linearsix to expand business across Asia, ME

Zoral, a global Artificial Intelligence (AI) software research and development company specialising in solutions for the banking and finance industry, has announced its strategic partnership with LinearSix, a digital transformation force in the financial services industry born and developed in Sri Lanka.

This collaboration targets an aggressive entry into the AsiaPacific (APAC) and the Middle East and North Africa (MENA) regions, offering AI-driven automation platforms for various financial institutions and telcos including SME, consumer and corporate finance, mortgage, insurance tech and more, the company said in a media release.

Over the years the global AI market has experienced significant growth, with demand for AI, machine learning (ML) and advanced engineering across various business sectors. This partnership entails LinearSix implementing and supporting all Zoral platforms, facilitating the automation of financial processes and implementing digital customer relationship management based on extensive AI-enabled financial product capabilities and data.

Speaking about the partnership, Eric Sandler, the co-founder and Chief Executive Officer, of Zoral, said, “Zoral, was founded in 2004 and we operate one of the largest labs in Europe focused on AI, ML and predictive systems. We are very proud to announce our partnership with LinearSix, which will see us reach the APAC and MENA regions.”

Mario Gooneratne, co-founder and CEO at LinearSix added, “With this partnership, LinearSix plans to expand our local team and explore opportunities to open offices across the globe to better serve customer requirements.”