BMCE Capital has chosen three artificial intelligence startups to help build new digital tools for its business after completing the latest edition of its CAP’AI Reverse by BK innovation programme. The programme ended in Casablanca at the end of June and is part of the investment bank’s plan to use AI in its day-to-day work.
This was the fifth edition of the programme. Unlike previous years, the focus was on solving real business problems with AI tools that can be put into use quickly.
The programme used a “Reverse Pitch” format. Business teams from BMCE Capital presented their challenges to AI and data startups, rather than asking startups to pitch ready-made products. The aim was to find solutions that matched the bank’s needs.
The programme focused on three areas: helping staff make better investment decisions, improving customer experience through data, and making operations more efficient with AI.
A total of 62 startups applied. BMCE Capital selected 21 to take part in a Reverse Pitch Day and a hackathon. Six finalists then presented their projects to a jury made up of the group’s Executive Committee.
Three startups were chosen to work with BMCE Capital on the next stage of the programme.
INVIRTUS developed an AI platform that helps human resources teams find and screen job candidates more quickly.
ProximaReg created an AI platform for compliance, internal control and risk management. It can automate checks, spot unusual activity and help analyse data.
ID&A TECH built an AI assistant for investment teams. The tool provides market analysis, forecasts and recommendations for listed shares.
IT Global Services also received a special award for its AI tool that predicts financial flows and helps manage liquidity.
CAP’AI Reverse by BK is the latest in a series of innovation programmes run by BMCE Capital. Earlier initiatives include Cap’INov, Cap’Tech, Cap’Women and Cap’AI.
BMCE Capital is the investment banking arm of Bank of Africa. It operates in Morocco, Tunisia and the West African Economic and Monetary Union, providing services including asset management, private banking, corporate finance and capital markets.
Banks around the world are investing heavily in artificial intelligence to improve efficiency, strengthen compliance, support investment decisions and offer faster services to customers. CAP’AI Reverse by BK is part of that wider shift.
