MUMBAI: Indian global telecommunications services company, Bharti Airtel, confirmed on Wednesday that it had acquired AuthMe ID Services. AuthMe is a Bengaluru based start-up company concentrating on Artificial Intelligence (AI).
Bharti Airtel global CIO Harmeen Mehta 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”.
The core team of the Bengaluru based start-up company will join the telecom chief as part of the ‘acquihire’ deal. The employees of AuthMe will become a part of Airtel X labs in Bengaluru. The negotiation amount has not been disclosed yet.
Mehta looked full of promises as he said, “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 million plus customers.”
With this, Airtel has also obtained the intellectual property rights for two flagship solutions Callup AI and Fintech OCR. Callup AI is a chat and voice assistant which uses AI to solve consumer queries through email, chat and phone calls. Fintech OCR is an overall Optical Character Recognition (OCR) pipeline built for financial documents. It is designed for handling KYC documents, bank/credit card/loan statements, mark sheets. It can also understand any language with standard fonts.