Goals101 Expands Operations to Qatar, Middle East

Goals101 Data Solutions, India’s leading Fintech and Big Data Technology platform has announced the opening of their new full-fledged office within the exclusive Qatar Financial Centre (QFC), Doha.

With a fintech boom in the region, Goals101 aims to target the banks that are increasingly looking at the potential benefits of financial technology and digital platforms. Goals101 is a technology disrupter redefining next generation intelligent banking powered by transaction behavior, location and social intelligence. The company today has partnerships across 21 leading banks in Asia and solves multitude of use cases.

Visham Sikand, MD and Founder, Goals101 said, “We are delighted to establish our new office in Qatar Financial Centre (QFC), Doha which will strengthen our existing operations and help serve this key market while we lead our expansion into other countries across the Middle East and Africa. Our proprietary platform “Alpha” is powered by machine learning and artificial intelligence and has been designed by some of the leading data scientists in the world.”

Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC Authority said, “We are delighted to welcome Goals101 Data Solutions to the Qatar Financial Centre (QFC). The firm joins over 570 other companies that are benefiting from the QFC's unique business model, and the world-class legal, regulatory, tax and business infrastructure it offers. Our commitment to the success of all firms operating on the QFC platform remains one of our highest priorities, and we look forward to continuing to facilitate their business growth in Qatar and beyond.”

The Qatar Financial Centre is a global business and financial centre. Its onshore platform provides opportunities to expand to and from the Middle East. Goals101 is already present with full-fledged offices across Kuala Lumpur in Malaysia as well as Delhi, Mumbai and Bangalore in India.

Sumit Malhotra, CEO Goals101, LLC Qatar, added, "We are delighted to choose Qatar as our first base in Middle East and being incorporated and licensed at the QFC - offers us competitive benefits, such as operating within a legal environment based on English common law, 100 percent foreign ownership, a suitable corporate tax on locally sourced profits, and an extensive double tax treaty agreement network with 60+ countries.”

Raghu Mohapatra, Group COO, Goals101 commented that “We have been in discussions with leading banks in Qatar who have appreciated the capabilities of our platform and the beneficial use cases which leverage ML and AI to give the most cutting-edge client engagement journeys in the region. We will soon be announcing the implementation of our solutions in leading Qatari banks which will help them lead the way with Personalized, Automated and Delightful Banking to their clients.”