Key Takeaways
- The UAE is creating the world’s first sovereign financial cloud infrastructure led by the Central Bank of the UAE in partnership with Core42.
- This secure cloud environment will support banks and financial institutions, ensuring compliance with national regulations and data sovereignty.
- AI tools and real-time analytics will be integrated to enhance operational insights for participating institutions.
- The platform operates as a unified multi-cloud management environment, designed to scale with increasing digital adoption.
- This initiative aims to strengthen digital capabilities in the UAE’s financial sector, positioning it as a national backbone for secure financial operations.
The UAE is developing the world’s first sovereign financial cloud infrastructure. The project is led by the Central Bank of the UAE (CBUAE) in partnership with Core42, a subsidiary of G42. The agreement was signed in the presence of CBUAE Governor Khaled Mohamed Balama.
The initiative creates a dedicated cloud environment for the country’s financial sector. It is designed to be secure and fully compliant with national regulations.
Secure Infrastructure for the Financial Sector
The cloud platform will support licensed banks and financial institutions across the UAE. It will provide isolated infrastructure for handling sensitive financial data. The system is structured to ensure continuous service availability.
Cybersecurity protections are built into the architecture. National data sovereignty is a core requirement. Financial data will remain under UAE jurisdiction.
The project forms part of the CBUAE Financial Infrastructure Transformation programme. This programme focuses on strengthening digital capabilities across the financial system.
Integration of AI and Advanced Analytics
Artificial intelligence tools will be embedded into the platform. Real-time analytics will be available to participating institutions. These capabilities are intended to improve operational insights.
The infrastructure operates as a unified multi-cloud management environment. Institutions will be able to manage services within a centralized framework. The system is designed to scale as digital adoption increases.
Core42 contributes sovereign cloud expertise and AI capabilities. The platform is built to support long-term digital growth.
The initiative aligns with broader efforts to integrate AI into the UAE’s financial ecosystem. Additional AI collaborations have involved the Emirates Institute of Finance, HSBC, Al Maryah Community Bank, and G42 affiliates.
The sovereign financial cloud infrastructure establishes a national backbone for secure, AI-enabled financial operations.
Source: https://www.middleeastainews.com/p/uae-builds-worlds-first-sovereign