The Central Bank of the United Arab Emirates (CBUAE) and Presight, AI and big data analytics company, have announced the launch of a joint venture. The initiative supports the CBUAE’s Financial Infrastructure Transformation Programme (FIT).

This strategic partnership marks a major milestone in the UAE’s efforts to enhance resilience and integrate artificial intelligence across the financial ecosystem.

The signing ceremony was witnessed by key officials, including:

• H.E. Khaled Mohamed Balama, Governor of the CBUAE
• H.E. Mansoor Ibrahim Al Mansoori, Vice Chairman of Presight
• H.E. Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations and Support Services

The agreement was signed by H.E. Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at CBUAE, and Mr. Thomas Pramotedham, CEO of Presight.

The joint venture will deliver sovereign, AI-powered platforms and services to strengthen the UAE’s financial market infrastructure. It will support critical systems such as:

• Central Bank Digital Currency (CBDC)
• Instant Payments Platform (Aani)
• Domestic Card Scheme (Jaywan)
• National Card Switch
• Real-Time Gross Settlement (RTGS) system
• Open Finance initiative (Nebras)

H.E. Ebrahim Obaid Al Zaabi stated that the venture reinforces the UAE’s commitment to building a secure, efficient, and future-ready financial system. He noted that combining the CBUAE’s infrastructure strategy with Presight’s technology will enhance the UAE’s position as a global financial hub.

Mr. Thomas Pramotedham added that the venture will apply advanced AI to key financial systems. He emphasized that this sovereign finance technology initiative is designed to accelerate innovation, resilience, and operational security.

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