emirates7 - The Central Bank of the United Arab Emirates (CBUAE) and Presight, a prominent AI and big data analytics firm, have unveiled a pioneering joint venture designed to bolster the Financial Infrastructure Transformation (FIT) Programme initiated by the CBUAE.
This strategic alliance represents a significant step forward in the UAE’s efforts to enhance financial system resilience and integrate artificial intelligence across the country’s entire financial landscape.
The signing ceremony was attended by key officials, including CBUAE Governor Khaled Mohamed Balama; Mansoor Ibrahim Al Mansoori, Vice Chairman of Presight and Chairman of the Department of Health – Abu Dhabi; and Saif Humaid Al Dhaheri, CBUAE Assistant Governor for Banking Operations and Support Services. The agreement was formally signed by Ebrahim Obaid Al Zaabi, CBUAE Assistant Governor for Monetary Policy and Financial Stability, and Thomas Pramotedham, CEO of Presight.
The joint venture will deliver advanced, AI-driven sovereign technology platforms and services aimed at advancing and reinforcing the UAE’s financial infrastructure. It will be integral in developing and supporting vital systems such as the Central Bank Digital Currency (CBDC), the Instant Payments Platform (Aani), the Domestic Card Scheme (Jaywan), the National Card Switch, the Real-Time Gross Settlement (RTGS) system, and the Open Finance platform (Nebras).
Ebrahim Al Zaabi highlighted that the partnership is a strategic move to ensure the UAE’s financial infrastructure remains secure, robust, efficient, and ready for the future. He emphasized that by combining the CBUAE’s leadership in financial transformation with Presight’s technological prowess, the venture will fortify the nation’s financial ecosystem and economic stability, further cementing the UAE’s role as a global financial leader.
Presight CEO Thomas Pramotedham added that the initiative marks a bold advancement in embedding AI at the core of the UAE’s financial systems, designed to drive innovation, improve resilience, and ensure the smooth progression of essential financial infrastructure.
This strategic alliance represents a significant step forward in the UAE’s efforts to enhance financial system resilience and integrate artificial intelligence across the country’s entire financial landscape.
The signing ceremony was attended by key officials, including CBUAE Governor Khaled Mohamed Balama; Mansoor Ibrahim Al Mansoori, Vice Chairman of Presight and Chairman of the Department of Health – Abu Dhabi; and Saif Humaid Al Dhaheri, CBUAE Assistant Governor for Banking Operations and Support Services. The agreement was formally signed by Ebrahim Obaid Al Zaabi, CBUAE Assistant Governor for Monetary Policy and Financial Stability, and Thomas Pramotedham, CEO of Presight.
The joint venture will deliver advanced, AI-driven sovereign technology platforms and services aimed at advancing and reinforcing the UAE’s financial infrastructure. It will be integral in developing and supporting vital systems such as the Central Bank Digital Currency (CBDC), the Instant Payments Platform (Aani), the Domestic Card Scheme (Jaywan), the National Card Switch, the Real-Time Gross Settlement (RTGS) system, and the Open Finance platform (Nebras).
Ebrahim Al Zaabi highlighted that the partnership is a strategic move to ensure the UAE’s financial infrastructure remains secure, robust, efficient, and ready for the future. He emphasized that by combining the CBUAE’s leadership in financial transformation with Presight’s technological prowess, the venture will fortify the nation’s financial ecosystem and economic stability, further cementing the UAE’s role as a global financial leader.
Presight CEO Thomas Pramotedham added that the initiative marks a bold advancement in embedding AI at the core of the UAE’s financial systems, designed to drive innovation, improve resilience, and ensure the smooth progression of essential financial infrastructure.