Presight AI Holding Ltd (Presight), a G42 company specializing in big data and artificial intelligence (AI) analytics based in the United Arab Emirates (UAE), has joined forces with TOTM Technologies Limited (TOTM), a Singapore-based holding company of PT International Biometrics Indonesia (InterBio). This strategic partnership aims to develop and globally implement shared technology through joint ventures formed by their respective subsidiaries. The collaboration witnessed the presence of Husin Bagis, Indonesian ambassador to the UAE, and Kamal R. Vaswani, Singaporean ambassador to the UAE. This initiative signifies a closer alliance between technology providers listed on the Abu Dhabi Stock Exchange (ADX) and Singapore Stock Exchange (SGX) focused on population identity and identification technology.
InterBio, an Indonesian company, brings over a decade of experience in developing biometric-based population identity and electronic know your customer (E-KYC) technology. It has successfully supported the Indonesian national population identity program with over 200 million registered citizens. Through this joint venture, Indonesian technology is poised to make a global impact. Leveraging Presight’s expertise in big data AI, data analytics, and on-demand cloud, combined with TOTM’s capabilities in assisting governments and businesses in implementing population identity and E-KYC technology efficiently and cost-effectively, this partnership seeks to drive innovation in the field.
Benefits for Governments and Businesses
For governments, the joint venture offers a public-private partnership (PPP) concept, which can lead to digital transformation and increased government revenue. Irawan Mulyadi, commissioner of InterBio, expressed, “This collaboration is a significant milestone in our journey toward digital transformation, aligning with InterBio’s ambition to expand biometric-based digital identity products and solutions. With the strategic partnership between Presight and TOTM/InterBio, this becomes more achievable and adds value with international standards.”
Presight CEO Thomas Pramotedham added, “We are excited to partner with TOTM to develop, integrate, and implement biometric AI solutions in the Middle East, Africa, and Southeast Asia, particularly in the public security, healthcare, and fintech sectors. This partnership is well-positioned to support our clients in their digital transformation journey, enhancing the digital ecosystem for long-term and sustainable value through the combined technology of Presight and TOTM. A robust digital identity platform is essential for building a stronger, more inclusive, secure, and resilient digital environment.”
Facilitating Digital-Based National Identity Systems
The collaboration aims to facilitate countries transitioning to digital-based national identity systems through public-private sector partnership models. The joint venture entity created by Presight and TOTM will address challenges posed by outdated information technology architectures, adapt to emerging technologies and social imperatives, and enable cost-effective implementation and operations. It will expand the reach and benefits of a broader digital identity for governments and their citizens.
The jointly developed technology will be based on a modular architecture that enables seamless integration between government ministries, cloud-based, and API-based services. This approach allows for relatively quick and cost-effective initial implementation, providing a solid foundation for modular scalability and enhanced functionality. Ultimately, it lays the groundwork for a robust ecosystem of electronic population services and digital corporate solutions.
This collaboration represents a significant step forward in advancing biometric identity and E-KYC technology on a global scale, with the potential to transform digital identity systems and enhance the services available to governments and citizens alike.
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