Latest news with #AntDigitalTechnologies
Al Etihad
26-05-2025
- Business
- Al Etihad
Alibaba Cloud MENA chief bullish on expansion in UAE and region
27 May 2025 00:38 MAITHEM AL ANBARI (ABU DHABI)Alibaba Cloud recently made a significant impact at the Dubai FinTech Summit 2025 by announcing partnerships with LuLu Financial Holdings and Ant Digital Technologies. These collaborations aim to enhance financial innovation in the Middle East and North Africa (MENA) region through advanced cloud solutions and generative AI technologies. Aletihad met with Eric Wan, Vice President of Alibaba Cloud International and General Manager for the Middle East, Turkey, and Africa, to discuss the company's plans for expansion in the region. Here are excerpts from the interview: Alibaba Cloud is recognised as one of the largest online and mobile commerce enterprises globally. How would you describe Alibaba Cloud's participation in the Fintech Summit in the UAE?Alibaba Cloud has benefited from robust participation at the Dubai FinTech Summit 2025. We announced strategic partnerships with LuLu Financial Holdings and Ant Digital Technologies during the summit. We also hosted a panel discussion at the summit focused on the future of financial services in an AI-powered world. The panel featured industry experts, including executives from Lulu Financial Holdings, Wio Bank and Zand Bank. How would you characterise Alibaba Cloud's position within the fintech market, and what are the anticipated developments for the future?Alibaba Cloud holds a significant strategic position in the fintech market, owing to its robust cloud infrastructure and advanced technologies that can empower financial institutions with high performance and scalability. Once companies delegate infrastructure management to the cloud, they can focus their efforts on their core competencies. We are recognised as a leading cloud provider globally and in the region and have been expanding our footprint in the fintech sector through various strategic partnerships and innovative solutions. Here in the MENA region, we offer a wide range of cloud-based services. These solutions provide the necessary agility, scalability, and security required by financial institutions to innovate and grow. Integrating cutting-edge technologies like AI and data analytics into our cloud offerings allows fintech companies to enhance customer experiences, improve operational efficiencies, and ensure regulatory compliance. Given our global presence – in 87 zones across 29 regions – we support fintech companies in scaling up their operations. In the UAE, besides the recent partnerships with Lulu Financial Holdings and Ant Digital Technologies, we also announced our collaboration with Zand Bank, the first fully licensed all-digital bank in the UAE. This partnership focuses on leveraging generative AI, blockchain, and payment technologies to boost the bank's digital capabilities. What insights can you offer regarding Alibaba Cloud's expansion in the UAE and the agreements it has established with local counterparts?The UAE is a key market due to its thriving economy, tech-savvy population, and strategic location as a global trade hub. Alibaba Cloud is fully committed to long-term investment and expansion in the region, and we have our sights set on more strategic partnerships and investments in digital infrastructure. We believe our strengths in technologies such as AI and cloud computing, and industry solutions in e-commerce, fintech, media, gaming, etc., will likely play a crucial role in supporting the UAE's vision for a diversified and innovative economy. As a first mover in public cloud computing, Alibaba Cloud established a presence here by opening a data centre in Dubai Internet City back in November 2016. With a goal to provide local businesses with robust, secure, and high-performing capabilities, this data centre underwent an upgrade to include state-of-the-art cloud infrastructure, enhanced analytics, databases, industry solutions, and AI services. We have been serving hundreds of customers from different sectors, especially retail, finance, media, gaming, and internet, in the UAE market. In March 2024, we also launched the MEA region's Alibaba Cloud Academy Training Centre. The centre empowers our ecosystem partners and customers by delivering physical and virtual training workshops and certification courses to equip them with the skills needed to thrive in a digital economy. We partnered with Mawdoo3, the GCC's largest online content publisher, to provide the platform with a cost-effective and high-performance cloud infrastructure, including services such as Elastic Computing Service and Relational Database Service (RDS). Another significant project involved the implementation of Alibaba Cloud's Web Application Firewall (WAF) for WEMART, a prominent supermarket chain in the Middle East, taking its business from offline to online during the COVID-19 pandemic. As Alibaba Cloud is being chosen by more and more local businesses as their trusted cloud service provider, we are positive that we will continue to grow. What are the forthcoming initiatives for Alibaba as a group, including Alibaba's cloud business, international expansion, or trends in financial performance?Looking ahead, Alibaba Cloud views the Middle East as a region ripe with opportunities, driven by its rapid digital transformation across various sectors. I want to emphasise Alibaba Cloud's long-term commitment to investing in the market and to contributing to the success of our local customers and partners. We will continue to introduce leading products and proven solutions in the AI and cloud computing sector to serve our local customers. We will expand our ecosystem with more local partners on board to address sector-specific pain points. We also plan to collaborate with more universities to enhance digital talent training.
Korea Herald
13-05-2025
- Business
- Korea Herald
Ant Digital Technologies Debuts AI-Powered FinTech Solutions at Dubai FinTech Summit 2025
Introducing the latest "Agentar" and a comprehensive AI for FinTech product suite, showcasing revolutionary AI innovations to propel financial inclusion and operational efficiency DUBAI, UAE, May 13, 2025 /PRNewswire/ -- Ant Digital Technologies, a pioneer in emerging technologies, made its first-ever global showcase of its AI for FinTech product suite at Dubai FinTech Summit 2025. The debut featured the unveiling of its cutting-edge AI platform Agentar, alongside the company's flagship solutions ZOLOZ and mPaaS. With Dubai emerging as a FinTech powerhouse which catalyse a culture of entrepreneurial innovation and fostering visionary investments selecting Dubai as the inaugural global launch destination underscores Ant Digital Technologies' core focus on innovation, inclusion, and impact. This strategic decision aligns seamlessly with the Dubai FinTech Summit's sustained emphasis on the evolution of finance, driven by technology, accessibility, and sustainability. Flagship AI Solutions to Drive Digital Trust and Agility During the summit, Ant Digital Technologies presented its renowned solutions, including ZOLOZ and mPaaS, alongside the latest innovative product, Agentar. These solutions highlight the company's commitment to empowering financial institutions with secure, intelligent, and user-friendly tools for the digital era. At the Dubai FinTech Summit, Ant Digital Technologies' Global Managing Director, Yishi Chen, delivered a keynote speech on the innovation stage, shedding light on the key trend of integrating AI within the financial sector. He shared Ant Digital Technologies' proficiency in delivering solutions that combine advanced technical expertise with real-world scalability, emphasising the company's dedication to enhancing collaborations with international partners to catalyse innovation and growth. Yishi Chen, Global Managing Director of Ant Digital Technologies, said, "At Ant Digital Technologies, we view the Dubai FinTech Summit as a crucial platform for exploring how AI and Web3 are reshaping financial ecosystems. We are enthusiastic about steering the forthcoming era of fintech, empowered by intelligent systems like Agentar and embedded financial cognition, built on collaboration, trust, and scalable innovation. The true transformative power of AI in finance will only be realized through collective efforts. Our objective is to forge closer partnerships with with international communities to develop solutions that enhance financial services on a worldwide scale, leveraging our existing expertise to benefit the global market." Ant Digital Technologies currently boasts partnerships with over 300 partners, offering a robust portfolio of over 80 solutions to more than 10,000 industrial clients across diverse sectors. This expansive network underscores the company's commitment to fostering innovation and delivering impactful technological solutions on a global scale, solidifying its position as a pioneering force in the realm of emerging technologies. About Ant Digital Technologies Ant Digital Technologies is Ant Group's digital technology subsidiary. Ant Digital Technologies continues to promote the development and application of digital technologies, introducing leading products like ZOLOZ, mPaaS and ZAN based on its expertise in AI, privacy computing, and security technology. Ant Digital Technologies is committed to working with partners across different industries to support small and medium-sized financial institutions in their digital transformation, enable SMEs in the service industry to operate digitally, and facilitate digital collaboration across industries. Revenue from Ant Digital Technologies' international business operation increased by 300% in 2023. Ant Digital Technologies established its international headquarters in Hong Kong in April 2025.
Zawya
13-05-2025
- Business
- Zawya
Ant Digital Technologies Debuts AI-Powered FinTech Solutions at Dubai FinTech Summit 2025
Introducing the latest 'Agentar' and a comprehensive AI for FinTech product suite, showcasing revolutionary AI innovations to propel financial inclusion and operational efficiency Dubai, UAE – Ant Digital Technologies, a pioneer in emerging technologies, made its first-ever global showcase of its AI for FinTech product suite at Dubai FinTech Summit 2025. The debut featured the unveiling of its cutting-edge AI platform Agentar, alongside the company's flagship solutions ZOLOZ and mPaaS. With Dubai emerging as a FinTech powerhouse which catalyse a culture of entrepreneurial innovation and fostering visionary investments selecting Dubai as the inaugural global launch destination underscores Ant Digital Technologies' core focus on innovation, inclusion, and impact. This strategic decision aligns seamlessly with the Dubai FinTech Summit's sustained emphasis on the evolution of finance, driven by technology, accessibility, and sustainability. Flagship AI Solutions to Drive Digital Trust and Agility During the summit, Ant Digital Technologies presented its renowned solutions, including ZOLOZ and mPaaS, alongside the latest innovative product, Agentar. These solutions highlight the company's commitment to empowering financial institutions with secure, intelligent, and user-friendly tools for the digital era. ZOLOZ: A global leader in digital trust and security technology, ZOLOZ establishes secure and reliable digital identity frameworks for users around the world. Widely adopted by major e-wallet operators and financial institutions such as GCash in the Philippines, TnGD in Malaysia, and Mandiri Bank in Indonesia, ZOLOZ's e-KYC (electronic Know-Your-Customer) solutions have successfully served over 100 million users across Southeast and South Asia. In 2024, ZOLOZ launched its AI-driven anti-deepfake product ZOLOZ Deeper, designed to mitigate "AI face-swapping" risks in facial recognition scenarios. mPaaS: Originating from Alipay's technological backbone, mPaaS serves as a one-stop mobile development platform that enables enterprises to rapidly build high-performance applications at reduced costs. Noteworthy is Kenanga Investment Bank's utilisation of mPaaS to create a "SuperAPP", enhancing customer experience, accelerating service development, and laying the foundation for scalable digital transformation. Agentar: Making its inaugural appearance at the event, Agentar is a cutting-edge platform that introduces zero-code or low-code AI capabilities tailored for financial institutions. This groundbreaking tool aims to streamline the development of intelligent applications, including AI agents for customer service, tasks such as intelligent investment advising, risk monitoring, trade execution, and financial analysis, and more. Commitment to the Global Market At the Dubai FinTech Summit, Ant Digital Technologies' Global Managing Director, Yishi Chen, delivered a keynote speech on the innovation stage, shedding light on the key trend of integrating AI within the financial sector. He shared Ant Digital Technologies' proficiency in delivering solutions that combine advanced technical expertise with real-world scalability, emphasising the company's dedication to enhancing collaborations with international partners to catalyse innovation and growth. Yishi Chen, Global Managing Director of Ant Digital Technologies, said, "At Ant Digital Technologies, we view the Dubai FinTech Summit as a crucial platform for exploring how AI and Web3 are reshaping financial ecosystems. We are enthusiastic about steering the forthcoming era of fintech, empowered by intelligent systems like Agentar and embedded financial cognition, built on collaboration, trust, and scalable innovation. The true transformative power of AI in finance will only be realized through collective efforts. Our objective is to forge closer partnerships with with international communities to develop solutions that enhance financial services on a worldwide scale, leveraging our existing expertise to benefit the global market.' Ant Digital Technologies currently boasts partnerships with over 300 partners, offering a robust portfolio of over 80 solutions to more than 10,000 industrial clients across diverse sectors. This expansive network underscores the company's commitment to fostering innovation and delivering impactful technological solutions on a global scale, solidifying its position as a pioneering force in the realm of emerging technologies. About Ant Digital Technologies Ant Digital Technologies is Ant Group's digital technology subsidiary. Ant Digital Technologies continues to promote the development and application of digital technologies, introducing leading products like ZOLOZ, mPaaS and ZAN based on its expertise in AI, privacy computing, and security technology. Ant Digital Technologies is committed to working with partners across different industries to support small and medium-sized financial institutions in their digital transformation, enable SMEs in the service industry to operate digitally, and facilitate digital collaboration across industries. Revenue from Ant Digital Technologies' international business operation increased by 300% in 2023. Ant Digital Technologies established its international headquarters in Hong Kong in April 2025.
Zawya
12-05-2025
- Business
- Zawya
Alibaba Cloud expands fintech footprint with Lulu Financial Holdings and Ant Digital Technologies AI partnerships
Dubai, The United Arab Emirates - Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced its strategic partnerships with LuLu Financial Holdings('LuluFin'), a leading UAE-based financial services company and Ant Digital Technologies during the Dubai Fintech Summit 2025. These collaborations underscore Alibaba Cloud's ongoing commitments to supporting the region's digital transformation by equipping businesses with effective tools and robust infrastructure to thrive in an AI-powered world. These alliances come amid a wave of AI-led disruption and digital reinvention in the UAE and the wider GCC, where financial institutions are being redefined by national innovation strategies, ecosystem investments, and future-focused talent development. This technological shift holds immense economic potential, with McKinsey estimating a $1 trillion annual value opportunity in global banking, and PwC projecting a $320 billion contribution to the Middle East's economy by 2030. Eric Wan, Vice President of Alibaba Cloud International, General Manager of the Middle East, Turkey, and Africa, Alibaba Cloud Intelligence, said: 'We've always believed that technology has the power to drive real-world change, and our collaboration with leading financial institutions like LuLu Financial Holdings and Ant Digital Technologies reinforces this belief. It allows us to support them not just adapt but thrive in an increasingly digital world. With our dynamic cloud solutions and AI capabilities, we're supporting their journey to deliver smarter, more secure financial services - unlocking countless opportunities and reimagining the future of the financial sector.' Alibaba Cloud's robust cloud infrastructure and Generative AI capabilities are key to LuLuFin' transformation into an AI-native organization. With Alibaba Cloud's advanced solutions and technologies, LuLuFin has adopted a multi-cloud strategy that strengthens business resilience, enhances disaster recovery capabilities, and guides the development of innovative, customer-centric financial services. Alibaba Cloud's extensive portfolio of services, including its Elastic Compute Service (ECS), Disaster Recovery as a Service (DRaaS), PolarDB, and the EMAS mobile testing platform, provides LuLuFin with unprecedented agility, scalability, and security. Additionally, by leveraging Alibaba's proprietary large language model Qwen, LuLuFin is developing an internal AI agent called Treasury AI, as part of the joint Agentic AI development program. This intelligent platform is engineered to optimize fund allocation and movement. Treasury AI helps in transaction costs, currency exposure, and regulatory compliance. These innovations, powered by Qwen, are poised to significantly enhance LuluFin's service capabilities, revamp customer interactions, and streamline decision-making through predictive analytics and natural language processing. Joseph Cleetus, VP of Business Transformation, LuLu Financial Holdings said: 'AI is no longer on the horizon. It's already transforming the way we live, work, and transact. This collaboration marks a pivotal step forward in our journey to redefine cross-border payments, not just as a service, but as an intelligent, anticipatory experience. Together with Alibaba Cloud, we are building a future where technology doesn't just support finance — it elevates it.' During the Summit, Alibaba Cloud also announced its plan to deepen collaboration with Ant Digital Technologies to expand the suite of joint solutions into its Dubai region later this year, including ZOLOZ for digital identity verification, mPaaS for SuperApp development and operations, and cutting-edge AI capabilities tailored for the financial services industry (FSI). Leveraging the advanced technologies of Ant Digital Technologies and robust cloud and AI infrastructure of Alibaba Cloud, the partnership aims to deliver secure, scalable, and intelligent digital transformation services for local FSI customers. This initiative underscores both companies' commitment to empowering financial institutions in the region with innovative cloud and AI-native tools and trusted digital infrastructure. By partnering with forward-thinking organizations like LuLu Financial Holdings and Ant Digital Technologies, Alibaba Cloud is helping businesses harness the full potential of technology to deliver meaningful change and create value for their customers and communities. Alibaba Cloud has been a leading provider of cloud services to local private companies and public institutions in the UAE and the wider Middle East region since 2016. It has a robust local ecosystem in the MEA region with partners covering banking, financial services and insurance, media, public sectors, and customers locally across different sectors. About Alibaba Cloud Established in 2009, Alibaba Cloud ( is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, big data analytics, machine learning and artificial intelligence (AI) services. Alibaba has been named the leading IaaS provider in Asia Pacific by revenue in U.S. dollars since 2018, according to Gartner. It has also maintained its position as one of the world's leading public cloud IaaS service providers since 2018, according to IDC. About LuLu Financial Holdings LuLu Financial Holdings is a leading global financial services provider, offering a wide range of services including cross-border payments, currency exchange, and financial technology solutions. With over 370 customer engagement centers in over 10 countries across the Middle East, Indian subcontinent and APAC regions, and a commitment to innovation and customer satisfaction, LuLu Financial Holdings continues to set benchmarks in the financial services industry. Learn more at For media enquiries, please contact: Vishnu Prasad – About Ant Digital Technologies Ant Digital Technologies is the technology commercialization business division of the Ant Group, which started independent operation in April 2024. Ant Digital Technologies originated from AntChain and has the leading technologies and patents in the field of blockchain globally. It has continuously developed several commercialized product brands such as ZOLOZ, mPaaS, and ZAN, with representative technological capabilities and businesses that are always committed to helping enterprises better embrace the digital age. Media Contacts Alibaba Cloud Gabbie Fu Ribal Temraz APCO Worldwide rtemraz@
Yahoo
02-05-2025
- Business
- Yahoo
Ant Digital Technologies RWA REAL UP Dubai Summit
Join us live as Ant Digital Technologies bridges Middle Eastern financial institutions with the Web3 ecosystem at the RWA REAL UP Dubai Summit, unlocking customized global expansion solutions for asset owners and financial institutions alike. Whether you are an asset owner or a financial institution, the summit offers a platform to explore new markets, opportunities and models in the new energy and digital asset industries. Sign in to access your portfolio
