CBUAE and Presight Launch AI-Powered Joint Venture to Strengthen UAE’s Financial Infrastructure
by Abu Dhabi: In a bold step towards the future of finance, the Central Bank of the United Arab Emirates (CBUAE) has partnered with Presight, a leading AI and big data analytics company, to launch a groundbreaking joint venture. The partnership is a strategic pillar of the CBUAE’s Financial Infrastructure Transformation (FIT) programme and represents a major milestone in the UAE’s mission to build a resilient, tech-driven financial ecosystem.
A Vision for Resilient, AI-Powered Finance
This new joint venture is designed to deliver sovereign, AI-powered technology platforms and services that will not only enhance the UAE’s financial infrastructure but also ensure it remains secure, efficient, and future-ready. The collaboration reflects the country’s commitment to integrating artificial intelligence across all layers of its financial systems.
The signing ceremony was witnessed by:
- Khaled Mohamed Balama, Governor of the CBUAE
- Mansoor Ibrahim Al Mansoori, Vice Chairman of Presight and Member of the Abu Dhabi Executive Council
- Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations and Support Services at CBUAE
The agreement was officially signed by:
- Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at CBUAE
- Thomas Pramotedham, CEO of Presight
Driving Critical Infrastructure with AI
This AI-powered joint venture will play a central role in the development, operation, and maintenance of several core financial market systems in the UAE, including:
- Central Bank Digital Currency (CBDC) infrastructure
- Instant Payments Platform (Aani)
- Domestic Card Scheme (Jaywan)
- National Card Switch
- Real-Time Gross Settlement (RTGS) system
- Open Finance platform (Nebras)
These systems are integral to the UAE’s long-term financial transformation strategy and will benefit from Presight’s AI and big data capabilities, combined with CBUAE’s regulatory and strategic oversight.
Leadership Insights on the Partnership
Ebrahim Al Zaabi emphasized the strategic nature of the collaboration:
“This partnership is a significant step toward ensuring the UAE’s financial market infrastructure remains resilient, secure, efficient, and future-ready. By combining CBUAE’s FIT Programme with Presight’s technological strength, we are reinforcing the stability and competitiveness of the UAE’s financial ecosystem—enhancing our position as a global financial hub.”
Thomas Pramotedham, CEO of Presight, echoed the ambition behind the venture:
“This joint venture marks a decisive leap forward in embedding AI at the core of the UAE’s financial infrastructure. It’s built to accelerate innovation, enhance systemic resilience, and ensure smooth evolution of critical financial platforms.”
A Future-Led Approach to Financial Innovation
This initiative comes at a pivotal moment in the global financial landscape. As economies worldwide pivot towards digital currencies, real-time payments, and open banking, the UAE is positioning itself as a regional—and global—leader in adopting and governing next-generation financial technologies.
With CBUAE and Presight at the helm, this AI-powered joint venture promises to shape the future of finance in the region—driving innovation, resilience, and growth for years to come.
