Bharti Airtel Limited, the Indian global telecommunications services company announced on Wednesday that the firm has acquired AuthMe, a Bangalore based AI-Startup, without disclosing the transaction amount.
As part of the deal, the core team of AuthMe will join Airtel and be a part of Airtel X Labs in Bengaluru…In addition, Airtel has acquired the intellectual proprietary rights for two flagship solutions developed by AuthMe…,” the company said in a release on Wednesday.
Airtel has set up Airtel X Labs with the aim of driving cutting-edge innovation in the areas of AI, IoT (Internet of Things), augmented reality (AR) and virtual reality (VR) and “is building a world-class team for the facility”, it said.
“We are thrilled to bring on board a bunch of highly talented people who share our passion for building exciting digital solutions that benefit our customers, We are rapidly scaling up Airtel X Labs, our digital innovation factory, and these new solutions will accelerate our journey towards rolling out intuitive digital products, particularly in vernacular languages, for our 430 mn plus customers.” Harmeen Mehta, Global CIO, Bharti Airtel, said in a statement.
In addition, the firm has also bought the proprietary rights of two flagship solutions of AuthMe.
One is Callup AI, it is a chat and voice assistant that uses the power of AI to quickly and effectively resolve customer queries over email, chat and phone calls. Callup AI features include voice integration, unsupervised learning, and the application is built for vernacular languages with zero integration time.
Another is Fintech OCR, it is an end-to-end Optical Character Recognition (OCR) pipeline built for financial documents. It is designed for processing KYC documents, bank/credit card/loan statements, mark sheets, and can be customized to process known formats of other documents. It can pick up any language with standard fonts.
These initiatives of Bharti Airtel will help them to serve customers with new-age digital technology.
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