The United Arab Emirates’ First Abu Dhabi Bank (FAB) has announced a strategic partnership with Core42, a subsidiary of G42 specialising in AI solutions, to facilitate the transfer of its data center operations to the Microsoft Azure cloud platform.
This move is part of FAB’s broader initiative towards digital transformation, aiming to enhance the efficiency and intelligence of its services across various sectors, including retail, corporate, SME, investment banking, risk management, and finance.
The collaboration will utilise Microsoft Azure’s advanced cloud and AI technologies, marking a continuation of FAB’s efforts to integrate Azure’s analytics and AI solutions into its operations. This is expected to improve customer service and operational effectiveness throughout the region.
Moreover, the partnership allows FAB to utilise Core42’s platform developed on Microsoft Azure, ensuring data sovereignty in compliance with UAE’s regulatory standards. It also provides the bank with access to innovative cloud and AI solutions available through Azure.
FAB, along with Core42 and Microsoft, is also focusing on innovations in generative AI, advanced analytics, and other AI-related fields through a dedicated Centre of Excellence.
The goal is to embed AI technology across all aspects of the bank’s operations to add value and enhance the banking experience for its customers.
Suhail Bin Tarraf
Suhail Bin Tarraf, Group Chief Operating Officer at First Abu Dhabi Bank said,
“We continue to invest in technology and innovation as the Group seeks to deliver value to our customers who are at the heart of everything that we do.
This partnership with Core42 is a key part of FAB’s digital transformation journey and will enable us to leverage Microsoft’s Azure cloud platform to bolster our operations and deliver an enhanced experience for our customers across the board.”
Naim Yazbeck
Naim Yazbeck, General Manager, Microsoft UAE said,
“By embracing the latest cutting-edge cloud and AI technologies, FAB is paving the way for a more efficient, innovative, and customer-centric future for the financial services industry.
We are excited to support them in realising this future through the advanced capabilities of Microsoft Azure, to help deliver smarter and engaging customer experiences.”
