The Finance World Magazine| Edition: October 2023

Nybl
Nybl, under the leadership of
CEO Noor Alnahhas, stands as
a pioneering force in the world
of AI. Their platform is a beacon of
innovation, offering a knowledge-driven
machine-learning solution that
possesses the unique ability to transform
vast reservoirs of underutilized
data into actionable intelligence. What
sets Nybl apart is their departure from
traditional methods; they’ve eschewed
training data in favour of turnkey
intelligence rooted in subject-matter
expertise and established data
behaviour models. Nybl’s brilliance
knows no bounds; it’s been meticulously
designed to expand limitlessly,
without constraints tied to industry,
application, or hardware.
The platform’s track record
speaks volumes, with governments,
multinational corporations, and national
oil companies alike relying
on Nybl for its suite of products like
asset.ai, factory.ai, lift.ai, supplychain.
ai, and anything.ai. These products
cover a wide spectrum, from managing
assets and production processes to
optimizing oil wells and supply chains,
making Nybl an indispensable ally in
the pursuit of data-driven excellence.
Nybl forged a global partnership
with Lenovo, the world’s fourth-largest
PC maker, as announced at the Gitex
Global event. This collaboration seamlessly
integrated Lenovo’s cutting-edge
Edge AI servers with Nybl’s powerful
software, bringing Nybl closer to its
goal of constructing a comprehensive
end-to-end AI ecosystem. This ecosystem
empowers users to effortlessly
connect to and analyze extensive
Noor Alnahhas,
CEO
datasets in real-time, eliminating the
need for coding or reliance on historical
training data, marking a noteworthy
achievement in the field of AI.
Xpence
Saad Ansari,
CEO
Xpence, under the leadership of
CEO Saad Ansari, is making
significant strides in reshaping
the landscape of business expense
management. As the first-of-its-kind
platform in the region, Xpence caters
to a wide spectrum of users, ranging
from freelancers to established
corporate entities. Its core offering
revolves around an integrated payment
card solution designed to streamline
and modernize expense tracking and
management.
At the heart of Xpence’s value proposition
are its versatile spending cards,
available in both physical and virtual
forms. These cards empower teams
to monitor expenses in real-time,
providing a comprehensive view of
financial activities. A standout feature
is the platform’s automated bookkeeping
functionality, which categorizes
transactions instantaneously.
This eliminates the need for arduous
and time-consuming manual expense
reporting. Moreover, users can conveniently
attach receipts and notes
to transactions, ensuring meticulous
record-keeping.
One of Xpence’s distinctive
strengths lies in its flexibility and
control. Users can establish custom
rules and controls for each card,
allowing for precise management of
spending limits and usage parameters.
This level of granularity simplifies
oversight and ensures adherence to
budgetary guidelines. Furthermore,
Xpence expedites decision-making
through real-time approvals, providing
a seamless workflow for managing
expenses.
Xpence’s global acceptance ensures
that its cards can be utilized anywhere
around the world, making it a valuable
asset for businesses with international
operations. By offering an integrated
prepaid Visa card, Xpence empowers
business owners and their employees
to navigate the often complex world
of expense management with ease.
Currently operational in the United
Arab Emirates and Bahrain, Xpence is
poised for expansion into new markets,
including Saudi Arabia, Egypt,
Pakistan, Kuwait, Oman, and Qatar. As
it continues to redefine smart business
spending, Xpence promises to simplify
and enhance the financial management
landscape for a broader audience.
October 2023 www.thefinanceworld.com 41