Fintech PR
Applied AI and Deep Tech Innovations Take Centre Stage on Day Three of Expand North Star 2024
- Day three of the world’s largest startup and investment event unveiled transformational solutions across healthcare, space technology, and more at Dubai Harbour
DUBAI, United Arab Emirates, Oct. 16, 2024 /PRNewswire/ — Expand North Star 2024, the world’s largest startup and investment event, continued its journey of innovation on its third day at Dubai Harbour. Attendees from around the world witnessed revolutionary advancements in Applied AI and Deep Tech, demonstrating how these technologies are disrupting industries and solving complex global challenges.
Integrated with GITEX GLOBAL, Expand North Star runs until 16 October, providing a powerful platform for over 1,800 exhibiting startups and more than 1,200 investors managing assets exceeding USD $1 trillion.
Applied AI and Deep Tech Innovations Redefine Healthcare and Space Innovation
Day three was a showcase of next-generation solutions in robotics, AI, and deep tech, providing a glimpse into the future of these sectors.
Cutting through the noise were innovative startups such as China’s RoboCT with their innovative exoskeleton technology, launching the UGo Rehab Exoskeleton, specifically designed for patients with lower-limb dysfunction, spinal cord injury, strokes, or cerebral palsy. Dr. Tian Wang, Founder and CEO of RoboCT Group, stated, “UGo enhances the rehabilitation process and delivers an effective walking training solution by integrating advanced sensors, data analysis, and research, empowering patients to rehabilitate more effectively at home.”
On the digital health frontier, JADE introduced a platform tailored for neurodivergent children, including those with ADHD, down syndrome, and autism. The app’s sophisticated tracking of eye movements, cognitive response times, and memory functions equips healthcare professionals and educators with precise data to create personalised care and learning strategies.
Meanwhile, scanO, a pioneering Indian-born deep tech company, is leading the way in developing generative AI models for predicting disease progression. The company showcased its flagship product, scanO air—the world’s first contactless AI-powered robotic system for oral health screening—revolutionizing early detection and diagnosis.
In space technology sector, Triggers-Reports from Mauritius introduced Triggers-sat, a satellite platform that provides high-resolution imaging and 3D modeling to assist businesses and governments in areas such as natural resource management and climate risk disaster monitoring.
Rising International Participation from Asia and Latin America
As the global innovation hub, Expand North Star continues to see international participation rise, showcasing how regions and countries are pushing boundaries with novel solutions.
Tatiana Riera, COO of ApexBrasil, highlighted Brazil’s expanding presence at Expand North Star: “From just 20 startups in 2019, we have expanded to 45 startups this year, along with four innovation hubs. Brazil is a great hub for fintech because of the diversity in social levels, so most of our unicorns come from fintech. We also focus a lot on Deep Tech, AI, and climate tech solutions since we have six biomes and need to take care of them. We have a company that uses natural foam to build soundproof material for construction and another company building silent tractors that run on renewable energy.”
Similarly, Singapore’s SGTech made a noteworthy debut at Expand North Star, emphasizing the importance of cross-border collaboration in driving tech-driven solutions forward. Alex Ng, Exco Member, SGTech said: “Singapore’s innovative startups are making a significant impact at Expand North Star 2024, with six outstanding companies exhibiting under the Singapore Pavilion. These companies showcase cutting-edge technologies across various sectors, including digital twins, industrial AI and biotech, with the event serving as a groundbreaking global launchpad for startups to foster valuable networking with investors.”
Africa’s Path to Economic Growth
With global participation continuing to flourish, the spotlight also turned towards Africa, where burgeoning tech ecosystems are paving the way for a new wave of entrepreneurs and innovators. H.E. Savannah Maziya, Minister, Ministry of Information, Communications & Technology, Eswatini, alongside other thought leaders, emphasised the importance of structured development to tackle unique market challenges and unlock Africa’s economic potential.
Celina Lee, CEO & Co-Founder, Zindi, South Africa, highlighted the trend of talent returning to Africa to start companies and create ecosystems that foster innovation and attract global corporations like Microsoft to set up labs in Ghana and Nairobi.
Speaking on the challenges facing Africa, Olatunbosun Alake, Honorable Commissioner, Ministry of Innovation, Science and Technology, Lagos State Government, Nigeria, said, “The greatest challenge in Africa is education. In Nigeria, if you look at the most educated parts, they show economic value, whereas in the north, where education levels are not as high, economic productivity is lower. There needs to be an African Renaissance of education funding across the board because if you drive education, educate, and enlighten people, people will change the environment.”
Across its four-day span, Expand North Star continues to shed light on the future of industries through defining events such as GITEX Impact, Fintech Surge, Future Blockchain Summit, and Marketing Mania. These events underscore how emerging technologies are transforming the way we live and are also playing a pivotal role in reshaping the future.
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About Dubai World Trade Centre (DWTC):
A global business facilitator since 1979, Dubai World Trade Centre (DWTC) is home to the region’s leading purpose-built convention and exhibition centre. DWTC provides a platform for connecting people, products, innovation and ideas from around the world through a dynamic calendar of international trade exhibitions and its own roster of sector leading mega events. As a designated free zone, complemented by award-winning commercial real estate, DWTC plays an integral role in Dubai and the region’s growth story. Since its inauguration, DWTC has hosted over 6,000 events, with an estimated economic output of AED 248 billion, attracting over 38 million business visitors to Dubai.
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Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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