Latest news with #Presight
TECHx
9 hours ago
- Business
- TECHx
Central Bank Launches AI Venture with Presight
Home » Emerging technologies » Fintech » Central Bank Launches AI Venture with Presight 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.
Arabian Business
10 hours ago
- Business
- Arabian Business
CBUAE joins hands with Presight to enhance UAE's financial infrastructure
The Central Bank of the United Arab Emirates (CBUAE) and Presight, UAE's leading AI and big data analytics company, have launched a joint venture to support the central bank's Financial Infrastructure Transformation programme (FIT). The JV will deliver sovereign, AI-powered technological platforms and services to support and enhance the UAE's financial market infrastructure. It will play a central role in the development, maintenance, and technical support of various critical financial market infrastructures, including the Central Bank Digital Currency (CBDC) infrastructure, Instant Payments Platform (Aani), Domestic Card Scheme (Jaywan), National Card Switch, Real-Time Gross Settlement (RTGS) system, and Open Finance (Nebras). The partnership marks a milestone in the UAE's journey to strengthen resilience, and harness artificial intelligence across every facet of its financial ecosystem. Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at CBUAE, and Thomas Pramotedham, Chief Executive Officer of Presight, signed the agreement in the presence of Khaled Mohamed Balama, Governor of the CBUAE.
Al Etihad
14 hours ago
- Business
- Al Etihad
Central Bank of UAE, Presight launch joint venture to support Financial Infrastructure Transformation Programme
23 July 2025 11:25 ABU DHABI (WAM)The Central Bank of the United Arab Emirates (CBUAE) and Presight, a leading AI and big data analytics company, have announced the launch of a groundbreaking joint venture aimed at supporting the Financial Infrastructure Transformation programme (FIT) launched by the strategic partnership marks a major milestone in the UAE's journey to strengthen resilience, and harness artificial intelligence across every facet of its financial signing ceremony for the joint venture was witnessed by Khaled Mohamed Balama, Governor of the CBUAE; Mansoor Ibrahim Al Mansoori, Member of the Abu Dhabi Executive Council, Chairman of the Department of Health - Abu Dhabi and Vice Chairman of Presight, and Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations and Support Services at agreement was signed by Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at CBUAE and Thomas Pramotedham, Chief Executive Officer of new joint venture will deliver sovereign, AI-powered technological platforms and services to support and enhance the UAE's financial market will play a central role in the development, maintenance, and technical support of various critical financial market infrastructures, including the Central Bank Digital Currency (CBDC) infrastructure, Instant Payments Platform (Aani), Domestic Card Scheme (Jaywan), National Card Switch, Real-Time Gross Settlement (RTGS) system, and Open Finance (Nebras).Commenting on the agreement, Ebrahim Al Zaabi said, 'This collaboration marks a strategic step toward ensuring the UAE's financial market infrastructure remains resilient, secure, efficient and future-ready, while also supporting the accelerated transformation of the financial sector."By leveraging the leading role of the CBUAE's Financial Infrastructure Transformation Programme and the technological expertise of Presight, this venture will strengthen the financial ecosystem of the UAE and the national economic stability, thereby enhancing the country's position as a global financial hub." Pramotedham said that this joint venture represents a decisive leap forward in applying advanced AI to the heart of the UAE's financial infrastructure. It is purpose-built to accelerate innovation, enhance resilience, and ensure the seamless evolution of critical financial systems.
Zawya
14 hours ago
- Business
- Zawya
CBUAE, Presight launch JV to support Financial Infrastructure Transformation Programme
ABU DHABI - The Central Bank of the United Arab Emirates (CBUAE) and Presight, a leading AI and big data analytics company, have announced the launch of a groundbreaking joint venture aimed at supporting the Financial Infrastructure Transformation programme (FIT) launched by the CBUAE. This strategic partnership marks a major milestone in the UAE's journey to strengthen resilience, and harness artificial intelligence across every facet of its financial ecosystem. The signing ceremony for the joint venture was witnessed by Khaled Mohamed Balama, Governor of the CBUAE; Mansoor Ibrahim Al Mansoori, Member of the Abu Dhabi Executive Council, Chairman of the Department of Health - Abu Dhabi and Vice Chairman of Presight, and Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations and Support Services at CBUAE. The agreement was signed by Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at CBUAE and Thomas Pramotedham, Chief Executive Officer of Presight. The new joint venture will deliver sovereign, AI-powered technological platforms and services to support and enhance the UAE's financial market infrastructure. It will play a central role in the development, maintenance, and technical support of various critical financial market infrastructures, including the Central Bank Digital Currency (CBDC) infrastructure, Instant Payments Platform (Aani), Domestic Card Scheme (Jaywan), National Card Switch, Real-Time Gross Settlement (RTGS) system, and Open Finance (Nebras). Commenting on the agreement, Ebrahim Al Zaabi said, 'This collaboration marks a strategic step toward ensuring the UAE's financial market infrastructure remains resilient, secure, efficient and future-ready, while also supporting the accelerated transformation of the financial sector. "By leveraging the leading role of the CBUAE's Financial Infrastructure Transformation Programme and the technological expertise of Presight, this venture will strengthen the financial ecosystem of the UAE and the national economic stability, thereby enhancing the country's position as a global financial hub.' Pramotedham said that this joint venture represents a decisive leap forward in applying advanced AI to the heart of the UAE's financial infrastructure. It is purpose-built to accelerate innovation, enhance resilience, and ensure the seamless evolution of critical financial systems.
Fintech News ME
15 hours ago
- Business
- Fintech News ME
CBUAE and Presight Launch Joint Venture to Boost AI Integration in Financial Infrastructure
The Central Bank of the United Arab Emirates (CBUAE) and Presight, an AI and big data analytics company, have announced the establishment of a joint venture to support the CBUAE's Financial Infrastructure Transformation (FIT) Programme. The initiative represents a key development in the UAE's efforts to strengthen the resilience of its financial systems and integrate artificial intelligence across its financial ecosystem. The joint venture will deliver sovereign, AI-based technology platforms and services designed to support and improve the UAE's financial market infrastructure. It will contribute to the development, upkeep, and technical support of key financial systems such as the Central Bank Digital Currency (CBDC) infrastructure, Instant Payments Platform (Aani), Domestic Card Scheme (Jaywan), National Card Switch, Real Time Gross Settlement (RTGS) system, and Open Finance platform (Nebras). Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at CBUAE, stated, 'By leveraging the leading role of the CBUAE's Financial Infrastructure Transformation Programme and the technological expertise of Presight, this venture will strengthen the financial ecosystem of the UAE and the national economic stability, thereby enhancing the country's position as a global financial hub.' Thomas Pramotedham, CEO of Presight, commented, 'By focusing exclusively on AI driven financial solutions, we are creating a sovereign finance technology powerhouse that will redefine how financial markets operate, faster, with applied intelligence, and more securely than ever before.'
