Abu Dhabi, UAE – The Central Bank of the United Arab Emirates announced the signing of a strategic partnership agreement with Core42, an artificial intelligence enabling solutions company affiliated with the Emirati G42 Group.
This is to develop the world’s first sovereign financial cloud services system.
The launch of the system comes within the Central Bank’s financial infrastructure transformation program.
It aims to enhance the UAE’s position as a leading global center for secure and innovative financial services.
It is based on the latest technologies in the field of financial technology,
The new system is based on a highly secure and completely isolated central infrastructure.
To ensure full data sovereignty and enhance the operational flexibility of financial sector institutions.
The system also provides proactive protection against growing cyber threats.
Which ensures the continuity of vital financial services without interruption.
This system, supported by artificial intelligence and advanced analytics technologies, will contribute to a qualitative shift in the operational efficiency levels of the financial sector.
With intelligent automation solutions and real-time data analysis capabilities, financial institutions will be able to extract deeper insights and make more accurate decisions.
Which reflects positively on the customer’s experience.
In addition, the system will provide an integrated environment for managing multi-cloud services within a unified framework.
This allows organizations to manage all their services smoothly and efficiently.
