Presight AI Holding Ltd (“Presight”), a G42 company, the leading UAE-based Big Data Analytics and AI company and TOTM Technologies Limited (TOTM), headquartered in Singapore as the holding company of PT International Biometrics Indonesia (InterBio), have announced a strategic partnership by establishing joint venture through their respective subsidiaries for the development and implementation of shared technology for global implementation. This event was witnessed by H.E. Husin Bagis, the Ambassador of Indonesia to the UAE, and H.E. Kamal R. Vaswani, the Ambassador of Singapore to the UAE.
InterBio is a company originated from Indonesia that has been successfully developing National ID biometric system technology and E-KYC for over 10 years, has been successfully supporting government national identity programs with over 200 million registered citizens. Through this joint venture, Indonesian technology is ready to go global.
The joint venture company leverages Presight’s capabilities in big data AI, data analytics, and on-demand cloud, combined with TOTM’s capabilities, enabling governments or private entity to implement National ID and E-KYC systems more quickly, with lower investments, and the potential to generate revenue.
For governments of country, the joint venture offers a Public-Private Partnership (PPP) concept. This public and private sector partnership even allows for digital transformation that will increase a country’s revenue.
Irawan Mulyadi, as commissioner of InterBio stated “This partnership and collaboration is an important milestone as part of Digital Transformation aligning with InterBio’s ambition in expanding its biometric based digital identity products and solutions. With the establishment of the strategic partnership between Presight x TOTM/InterBio, this can be materialized easier and provide value added with international standard.”
Presight CEO, Thomas Pramotedham, stated, “We are very excited to partner with TOTM to develop, integrate, and implement biometric AI solutions in the public security, healthcare, and fintech sectors in the Middle East, Africa, and Southeast Asia regions.
Together, this partnership is uniquely positioned to further support our clients, and the region, on their digital transformation journeys, and elevate the digital ecosystem to deliver long-term and sustainable value with our combined technologies. A robust and dynamic digital identity platform is an essential cornerstone to develop a stronger and more inclusive, safer and resilient digital society.
TOTM has a deep appreciation for our value proposition and adds strong execution experience and robust technology platforms for identity management and biometrics.”
CEO and Executive Director of TOTM Technologies, Pierre Prunier, also welcomed the establishment of the joint venture. “We are very proud to announce this partnership with Presight, which is a significant milestone in TOTM’s journey as our technology has been well-received in facilitating countries’ transition to digital-based national identity systems through the adoption of a public-private partnership model.
The establishment of the joint venture entity will enable Presight and TOTM to address issues arising from outdated information technology architecture, prepare for technology and emerging social imperatives, and enable cost-effective implementation and operation. It will also expand the reach and benefits of digital identity for governments and their citizens.
The technology they aim to develop together with Presight will be based on a modular architecture that allows for easy integration between government ministries, cloud-based, and API-driven. With this approach, initial implementation can be relatively quick and cost-effective, providing a solid foundation for scalable modular expansion and enhanced functionality and connectivity, laying the groundwork for a robust ecosystem of electronic population services and digital enterprise solutions.” Pierre Prunier added.
About Presight
Presight, an ADX-listed public company limited by shares whose majority shareholder is Abu Dhabi company G42, is the region’s leading big data analytics company powered by Artificial Intelligence (“AI”). It combines big data, analytics, and AI expertise to serve every sector, of every scale, to create business and positive societal impact. With its world-class computer vision, AI and omni-analytics platform as its engine, Presight excels at all-source data interpretation to support insight-driven decision making that shapes policy and creates safer, healthier, happier, and more sustainable societies.
Find out more at www.presight.ai
About TOTM Technologies Limited and InterBio
TOTM Technologies Limited (TOTM Technologies Group), a company listed on the Singapore Exchange (SGX), is a leading provider of integrated solutions and services in identity management and biometric technology. Leveraging on its strong execution experience and the robust technology platforms from strategic technology partners, the Group’s solutions have been applied to leading public and private projects across North America, Europe, Middle East, Asia Pacific, Latin America and Africa.
InterBio is part of TOTM Technologies Group. InterBio is originated from Indonesia that has been successfully developing National ID biometric system technology and E-KYC for over 10 years, has been successfully supporting government national identity programs with over 200 million registered citizens. Through this joint venture, Indonesian technology is ready to go global. Find out more at www.interbio.id and www.totmtechnologies.com