The platform is a key component of the CBUAE’s Financial Infrastructure Transformation (FIT) programme, designed to position the UAE as a leading global hub for secure and innovative financial services.
The partnership leverages Core42’s expertise in sovereign cloud and AI infrastructure to create a dedicated, isolated, and highly secure environment for licensed financial institutions. A sovereign cloud is a cloud computing infrastructure that stores and processes data within a specific country’s borders, subject only to the laws of that nation. This approach directly addresses the growing global need for data localization and protection against foreign data access laws.
This initiative builds on a new operating model from G42 that enables the secure deployment of sovereign AI, ensuring national laws govern systems even when infrastructure is operated across borders. The platform will support unified multi-cloud management, allowing institutions to streamline operations within a consolidated framework.
This move is about more than just data storage; it’s about creating a resilient and future-proof digital backbone for the country’s economy. According to Talal Al Kaissi, interim CEO of Core42, the project is foundational for the industry’s future.
Finance runs on digital infrastructure; hence it must be sovereign. The sovereign financial cloud services infrastructure embeds governance and real-time oversight directly into the financial backbone of the country.
This sovereign infrastructure aims to provide “regulatory clarity” and allows financial institutions to adopt and scale advanced cloud and AI capabilities without compromising national control or security standards.
By establishing the world’s first dedicated sovereign financial cloud, the Central Bank of the UAE is setting a new precedent for digital governance in finance. This platform will empower banks and fintech companies to innovate faster, leveraging AI and advanced analytics while adhering to strict national security and data privacy mandates. The project solidifies the UAE’s commitment to technological leadership and strengthens its position as a trusted global financial center.
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