DUBAI – The UAE’s central bank on Wednesday announced plans to launch a sovereign financial cloud services infrastructure in partnership with G42 company Core42.
• The central bank and Core42 signed an agreement to build the Sovereign Financial Cloud Services Infrastructure, a secure and isolated platform that ensures data sovereignty and resilience for licensed financial institutions.
• The platform is part of the central bank’s Financial Infrastructure Transformation Program, which aims to position the UAE as a global hub for secure and innovative financial services.
• Hosted on advanced AI and analytics, the platform enables real-time data processing, intelligent automation, and enhanced decision-making across the financial sector.
• Create a unified framework for managing multi-cloud services to improve operational efficiency and service continuity for financial institutions.
• “The national sovereign financial cloud services infrastructure is a strategic step to strengthen the UAE’s financial resilience and technological leadership,” said Saif Humaid Al Dhaheri, Assistant to the Governor of the Central Bank.
(Reporting by Tala Ramadan and Nayera Abdallah; Editing by Louise Heavens and Jane Merriman)
