Dharsi.ai launches AI-driven banking and compliance solutions

By Milan Rojan

Dubai-based FinTech start-up Dharsi.ai has emerged from stealth with a portfolio of artificial intelligence-powered solutions designed to help financial institutions, regulated enterprises and SMEs improve operational efficiency, strengthen governance and enhance customer engagement.

Headquartered at Innovation One in the Dubai International Financial Centre (DIFC), the company has launched with a focus on serving organisations across the UAE, GCC and Africa. Dharsi.ai has been founded by banking technology veteran Dr Haroun Dharsey, whose career has spanned more than three decades in financial services and technology leadership.

Dr Haroun Dharsey, Founder and CEO of Dharsi.ai, said: “We wanted to build products that solve real problems and are actually used. Too many organisations buy software that ends up underutilised because it is too complex, too rigid or disconnected from operational realities.”

The company has introduced three flagship products targeting key operational challenges within financial institutions. Dharsi Recon has been developed as a transaction reconciliation platform capable of processing multiple data formats, including Mastercard, Visa, Swift, JSON and CSV. Dharsi Warden has been designed to combine governance, risk and compliance (GRC), financial risk management and AI governance capabilities within a single platform. Meanwhile, Dharsi Hive has been launched as a multilingual customer engagement solution that enables users to switch languages during interactions.

According to the company, the products have been developed to address a common challenge faced by organisations that invest in software platforms but fail to achieve full utilisation and value from them.

Dharsi.ai has adopted a human-in-the-loop approach to automation, with the company stating that AI has been designed to support rather than replace critical decision-making processes.

The self-funded FinTech has already undertaken proof-of-concept projects with regional organisations and has been preparing for expansion into East Africa, with Kenya identified as an initial target market.