FUSING BUSINESS AND TECHNOLOGY: CO-CREATING VALUE

Sav is the future of personal finance in the Middle East and Africa. Their AI-driven platform is disrupting the market with hyper-personalized money management, automated savings triggers, and rewards across leading brands. Their goal is to empower emerging affluents to achieve financial freedom with an ecosystem of tailored financial services and merchants, putting savings and debt-free living at the forefront of personal finance.

The current startup ecosystem in the UAE is thriving. The country is a powerhouse and provides incredible support to entrepreneurs who are building businesses that create long-term impact and value for their users. They are thrilled to be accelerated by Microsoft and Mohammed Bin Rashid Innovation Fund.

In today’s fast-paced and highly competitive business environment, technology plays a critical role in driving business growth. Technology has the potential to transform the way businesses

Key Takeaways

l Technology has the potential to transform the way businesses operate, communicate, and serve their customers.

l For Sav digital means an unwavering commitment to the customers.

l Sav are using AI for Fraud Detection and Prevention to identify anomalies that indicate fraudulent activities.

l Sav’s vision for 2023 is to build an AI-led ecosystem of financial products.

operate, communicate, and serve their customers. By leveraging the power of technology, businesses can streamline their operations, improve efficiency, and create new revenue streams. Technology can automate repetitive tasks, freeing up employees to focus on more strategic initiatives. This can result in increased productivity and efficiency, leading to higher profitability.

It can be used to improve the customer experience and can help businesses attract and retain customers. It enables new business models to create new revenue streams and expand the customer base. Overall, the strategic use of technology can help businesses drive growth, stay competitive, and create value for their customers.

Sav is a digital-only organization. For them, digital means an unwavering commitment to the customers. The digital-first approach means that all of the products and services can be accessed online, through a user-friendly platform that is designed to be easy to use and understand. However, it doesn’t end there. Sav is also leveraging cutting-edge technology to drive financial inclusion and create a more equitable financial system for all. With features like instant payments, goal-based saving, and real-time budget tracking, Sav is designed to make managing finances simple and stress-free. They are using AI for Fraud

Detection and Prevention to identify anomalies that indicate fraudulent activities.

Chatbots and Customer Service: Building AI-powered chatbots to provide 24/7 customer service to users, enabling to quickly and efficiently handle customer inquiries and support requests.

Risk Management and Compliance: Plan to build AI algorithms to monitor financial transactions and identify potential risks, enabling to ensure compliance with regulations. They believe that AI has the potential to transform the fintech industry, and it will enable companies like Sav to provide more efficient, accurate, and personalized financial services to users.

Sav’s vision for 2023 is to build an AI-led ecosystem of financial products that are relevant to the users across Middle-east and Africa. They intend to impact 10 Mn lives in the next 5 years and influence savings-led purchases. Reduced debt burdens will build more robust economies and increase household savings. Being a digital-only app, technology will help to improve productivity and enhance CX and customer service. n