The Central Bank of the UAE (CBUAE) has partnered with Core42, a G42 company, to develop a sovereign financial cloud services infrastructure (SFCSI), the first dedicated financial cloud ecosystem globally.
The SFCSI forms part of CBUAE’s Financial Infrastructure Transformation programme, which aims to position the UAE as a hub for secure and advanced financial services.
The infrastructure centralises and isolates operations, ensuring data sovereignty, strengthening resilience, and protecting against cyber threats, while keeping critical financial services continuously available.
It also provides a unified environment for managing multi‑cloud services, enabling licensed financial institutions to operate more efficiently.
Advanced AI and analytics power the SFCSI, enabling it to improve operational efficiency across the sector.
Through intelligent automation and real‑time data analysis, financial institutions can gain insights and make more informed decisions, supporting enhanced service delivery.
Commenting on the agreement, Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations and Support Services at CBUAE, said:
“The national sovereign financial cloud services infrastructure marks a strategic step in strengthening the UAE’s financial resilience and technological leadership. It provides a secure, scalable and future‑ready foundation that enhances data protection and accelerates innovation, enabling the CBUAE together with licensed financial institutions to deliver next‑generation digital services with confidence.”
Talal M. Al Kaissi, Chief Executive Officer (Interim) of Core42, added:
“The sovereign financial cloud services infrastructure embeds governance and real-time oversight directly into the financial backbone of the country. Developed in close partnership with the CBUAE, it allows regulated institutions to scale advanced sovereign cloud and AI capabilities without compromising national control.”
Featured image credit: Edited by Fintech News Middle East, based on image by ilygraphic via Freepik
