The UAE is driving digital transformation in the Middle East focusing on AI to enhance the finance and banking sectors. The country aims to boost its digital economy’s contribution to GDP to 20% by 2031 through AI-based solutions and strong governance, creating a secure and trustworthy financial landscape.
The initiative is expected to build trust in the financial system and ensure a secure investment environment through robust governance and strategic national initiatives.
Source: cfcbigideas.com
UAE's efforts in collaborating with global tech giants like Microsoft and Google using AI tools like chatbots and real-time analytics streamlined banking and improved customer confidence.
Experts foresee further investments in data security and advancements in currency trading technologies with AI-driven algorithms already dominating 80% of global currency trading. Dubai through its D33 economic agenda and AI Strategy 2031 is emerging as a global leader in financial technology.