UAE to develop sovereign financial cloud platform

The infrastructure will integrate artificial intelligence and advanced analytics

- BY JUSTIN VARGHESE

The Central Bank of the UAE (CBUAE) has partnered with Core42, a G42 company, to develop what it describes as the world's first sovereign financial cloud services infrastructure dedicated to the financial sector.

The new platform, known as the Sovereign Financial Cloud Services Infrastructure (SFCSI), forms part of the CBUAE's Financial Infrastructure Transformation programme. The initiative aims to strengthen the UAE's position as a global hub for secure and innovative financial services.