Visa presents Smart City solutions at ‘Innovation Live!’

Tuesday 22 November 2016

Dubai - MENA Herald: Aligned to the UAE Innovation Strategy and its flagship Vision 2021, Visa (NYSE:V), the global payments technology company, presented Smart City solutions at the inaugural Innovation Live! Summit, a first of its kind initiative aimed at converging government and business ideologies that serve as a one-stop shop for entrepreneurial innovation in the nation, and the official anchor event for UAE Innovation Week 2016.

Acting as an advisory board member, Visa hosted several ‘watercooler’ brainstorming sessions at the Visa Dubai Innovation Center from August to October this year, and brought together major public and private stakeholders to ideate solutions that seek to improve the lives of the people in the UAE and build a solid foundation for the country’s smart city infrastructure.

Visa presented its prototype ‘Banking Chatbot’, an Artificial Intelligence (AI) technology that services banking customers and saves them the hassle of waiting in virtual and physical queues as well as offered visitors a virtual reality tour of the Visa Dubai Innovation Center.

Organized by MEED and headlined by Dubai Chamber, findings from the summit will ultimately culminate into an official Green Report that will strategize key developments in an array of sectors including smart payments, sustainable energy, education, healthcare, transport, industrial diversification and start-ups to fulfill UAE Vision 2021.

Karl Tlais, Senior Director, Innovation & Strategic Partnerships CEMEA, Visa commented: “As an advisory board member, it has been an inspiring period working closely with a dynamic group of government and industry leaders, shaping the innovation summit and solving the City Challenge Watercooler. The culminating Green Report is a first step toward showcasing how through collaboration and thought leadership, both industry partners like Visa and the government can help solve Smart City challenges.”

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