Zoral, a global Artificial Intelligence (AI) software research and development company specialising in solutions for the banking and finance industry, announces 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 Asia-Pacific (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.
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. Leveraging Zoral’s advanced AI and ML capabilities and data engineering expertise, acquired through 20 years of experience in engineering, consulting, and software development.
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. Our key focus would be to provide intelligent digital financial products that are customised solutions to meet the unique needs of clients with country-specific requirements within the fintech space. Areas of concentration include technology development, marketing, sales, research, and development, with a commitment to providing end-to-end lifecycle deployment for customers.”
Eric further added, “Zoral selected LinearSix based on our longstanding relationship and LinearSix’s expertise in core banking and the fintech space. The two organisations share a vision of exponential growth and a commitment to delivering quality solutions to their customers.”
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. Zoral and LinearSix aspire to democratise financial services, empowering individuals with financial capabilities. We are celebrating our seventh anniversary and are proud to be recognised globally as a leader in promoting financial inclusivity through innovative technology solutions. This was achieved with the launch of our flagship product, “Lime”, a cutting-edge digital solution that empowers banks with rapid digital transformation.
Zoral’s automation platform intelligently automates digital financial products, providing solutions to challenges faced by businesses in modern times. The AI-driven platform allows clients to grow revenue, eliminate manual work, increase digital and geographic coverage, respond to competitive/regulatory pressures, improve core KPIs, enhance customer service, improve “time to yes” and “time to cash,” improve margins, improve data quality, and protect existing revenue streams. Its rapid deployment, adaptability, central control of business logic, omnichannel customer interactions, and scalability. It allows businesses to manage and control changes rapidly and easily from a single console, without the need for complex integrations or maintenance of multi-vendor automation system components.